New Research Reports

A CASA Powerhouse, But Is It Enough?

space, drawing parallels US market from 1980s-2000s. Hence unique investors for the MF industry (52.6mn in Dec'24) can increase at a good pace. HDFCAMC will be a dominant player in this journey as its strong brand value is a function of its track record led by strong investment, risk and product management. Investor behavior is maturing as industry saw stable SIP flows during falling markets. Distributors have not objected to commission cuts as AuM growth...

AU SFB’s profitability, post merger in Apr’24, was impacted due to elevated credit cost on the back of higher-than expected delinquencies in its credit card (CC)/microfinance (MFI) portfolios and NIM compression.

India Shelter, during its maiden Analyst Day, shared Vision 2030 – AUM of INR 300bn by FY30, implying a >25% CAGR with RoE of >17%. Superior execution of business strategies (~40% AUM CAGR and >50% PAT CAGR between FY20-24).

Union Bank hosted an Analyst Meet to give an update on its recent performance and outlook on growth, margins, and asset quality.

MD&CEO Mr. Manian well articulated FB's medium-term strategy (FY25-28E) which includes CASA/NIM/fee expansion and opex efficiency. Branches would be re-oriented to be more customer centric and sales driven. FB aspires to be among the top pvt. sector banks by improving return ratios which would entail superior balance sheet management by focusing on profitable growth and better asset/liability mix. FY24 NIM/core RoA was 3.1%/1.1% while for larger peers it ranged between 3.5-4.9% and 1.6-2.3% suggesting that execution and...

We attended Federal Bank analyst day, where in Mr. K.V.S Manian, the recently appointed MD& CEO, presented its strategy.

We attended the Analyst Meet hosted by Federal Bank to chalk out the strategy and growth roadmap for the bank under the new management, spearheaded by Mr KVS Manian, along with insights from other senior management team members of the bank.

FB plans to grow advances 1.5x nominal GDP growth in the next three years

After the course correction in 3Q, Federal Bank hosted an analyst meet to unveil its long-term (next 3-5 years) business strategy (Plan 4.0) under the aegis of new MD & CEO KVS Manian (ex-Kotak), per which it plans to strengthen its core and tweak its asset/liability profile toward delivering sustained RoA of over 1.4% from 1.2% now.