Sector Other Financial Services - Latest news, views and updates

SECTOR | 28 Nov 2022

Teaser rates a failed strategy?

ICICI Securities Limited

Muthoot Finance (Muthoot) and Manappuram Finance (Manappuram) witnessed sharp decline in their standalone yields (2.2%-4.6%) and RoEs (4.2%-10%) in FY22 over FY21 due to introduction of teaser (lower) rate schemes.

Other Financial Services

SECTOR | 23 Nov 2022

Eventful decade for MFI industry; post-covid era looks promising

Other Financial Services

ICICI Securities Limited

The last decade (2012-2022) for Indian microfinance industry has been eventful withstanding AP crisis, demonetisation, floods, liquidity crisis in 2018 and covid- led disruption.

Other Financial Services

SECTOR | 03 Nov 2022, 12:00AM

Volumes drop sequentially across segments in Oct’22

Other Financial Services

ICICI Securities Limited

Equity volumes saw a sharp decline in Oct’22 after posting strong growth in Aug/Sep’22.

Other Financial Services

SECTOR | 07 Oct 2022

Cyclical low valuations and contraction of performance divergence notable

Other Financial Services

ICICI Securities Limited

We highlight valuations and performance comparison of listed AMCs in this report.

Other Financial Services

SECTOR | 04 Oct 2022

Growth momentum continues in Sep’22 across equity cash, options as well as commodity options

Other Financial Services

ICICI Securities Limited

Equity exchanges reported all-round growth in volumes in Sep’22 (Aug’22 was also strong).

Other Financial Services

SECTOR | 04 Oct 2022

Muthoot/Manappuram unlikely to do co-lending; may revert to high-yield segments

Other Financial Services

ICICI Securities Limited

In our view, Muthoot Finance’s (Muthoot) and Manappuram Finance’s (Manappuram) businesses are likely to continue with own-book lending (against co- lending practices started by some peers) and prefer the high yield/low ticket size buckets compared to low yields as seen in FY22.

Other Financial Services

SECTOR | 30 Sep 2022

Diversified Financials: Credit card spends robust; new measures consumer friendly

Other Financial Services

BOB Capital Markets Ltd.

Credit card spends clocked in at Rs 1tn for each of the five months of FY23 a positive surprise; outlook strong

Other Financial Services

SECTOR | 30 Sep 2022

Diversified Financials: Q2FY23 Preview Expect robust growth traction across segments

Other Financial Services

BOB Capital Markets Ltd.

IIFL Wealth projected to post Q2 AUM/PAT growth of 15%/27% YoY on higher operating leverage, with stronger recurring flows

Other Financial Services

SECTOR | 29 Sep 2022

Total monthly spend set to rise to Rs1.2trn in Sep’22E; Cards-in-force dips as new regulations come into play

Other Financial Services

ICICI Securities Limited

Industry-wide Aug’22 credit card (CC) spend dipped 3% MoM to Rs1.1trn and, as per trends, Sep’22 spend is likely to remain robust at Rs1.2trn.

Other Financial Services

SECTOR | 21 Sep 2022

‘Steady investors’ have risen despite ‘buyer’s remorse’ – takeaways from NSE study

Other Financial Services

ICICI Securities Limited

Rising retail participation has been one of the key investment thesis behind capital
market plays as evident from various indicators such as NSE active investors, steady investors base, retail flows into equities, and retail participation in cash and equity derivative segments.