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06 Jun 2023
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Banks
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ICICI Direct
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Sector Update
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06 Jun 2023
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Banks
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ICICI Securities Limited
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Sector Update
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The monthly data on lending and deposit rates of scheduled commercial banks (SCBs) (excl. regional rural banks and small finance banks) for Apr’23 suggests: 1) SCBs’ outstanding weighted average lending rate (WALR) continues to rise (up 4bps MoM). 2) However, WALR on fresh loans has seen MoM decline (down 23bps) in Apr’23, after 11 months of consecutive rise.
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02 Jun 2023
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Banks
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ICICI Securities Limited
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Sector Update
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Banks’ sector deployment data for Apr’23 suggests overall non-food credit now stands at Rs138.36trn, up 16.1% YoY and 1.3% MoM with growth being driven by services and agri segments, while retail MoM growth was a tad slow. Top-10 trends for Apr’23 are as follows.
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26 May 2023
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Banks
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Trendlyne Analysis
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Sector Update
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The first-year premium of private insurers declined 71.1% MoM to Rs 6,755.2 crore in the same period, while LIC's premium fell 79.8% MoM to Rs 12,565.3 crore.
Overall, Private insurers sold around 4.1 lakh policies in April 2023. While LIC sold 7.8 lakh schemes, its market share declined 330 bps YoY to 65.8%.
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11 May 2023
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Banks
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Trendlyne Analysis
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Sector Update
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Most listed banks saw an increase in loan value, deposit value, and CASA value in Q4FY23. HDFC Bank remains at the top.
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08 May 2023
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Banks
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Trendlyne Analysis
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Sector Update
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The collapse of Silicon Valley Bank (SVB), First National Bank, Credit Suisse, and First Republic Bank has cast a spotlight on financial institutions. As these failures reverberated across the US and Europe, the markets reacted – the US Dow Jones Bank Index has dropped 18%, and the Europe 600 Bank Index has decreased by 10.2% since the start of the …
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The collapse of Silicon Valley Bank (SVB), First National Bank, Credit Suisse, and First Republic Bank has cast a spotlight on financial institutions. As these failures reverberated across the US and Europe, the markets reacted – the US Dow Jones Bank Index has dropped 18%, and the Europe 600 Bank Index has decreased by 10.2% since the start of the SVB crisis.
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08 May 2023
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Banks
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Trendlyne Analysis
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Sector Update
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The total value of credit card transactions rose 36.2% YoY and 15.7% MoM to Rs 1,37,707 crore. The number of cards outstanding also increased by 15.9% YoY. Private sector banks grew by 49.3% YoY in terms of value of transactions.
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04 May 2023
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Banks
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ICICI Securities Limited
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Sector Update
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Monthly data on lending and deposit rates of scheduled commercial banks (SCBs) (excl. regional rural banks and small finance banks) for the month of Mar’23 point at the following trends: 1) SCBs’ weighted average lending rate (WALR) on fresh loans was up 169bps in FY23 (96bps in H1, 73bps in H2); 2) their outstanding TD rates were up 113bps in FY23 (36bps in H1, 77bps in H2)
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02 May 2023
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Banks
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ICICI Securities Limited
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Sector Update
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Banks’ sector deployment data for Mar’23 suggests overall non-food credit now stands at Rs136.6trn, up 15.4% YoY / 3.1% QoQ and 1.8% MoM, with the growth driven by services and retail segments.
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27 Apr 2023
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Banks
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Trendlyne Analysis
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Sector Update
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Private insurers sold around 12.5 lakh policies in March 2023, while LIC sold 40.5 lakh schemes. The first-year premiums of private insurers rose 35% YoY to Rs 23,364 in the same period, with LIC's premium falling 32.1% to Rs 28,716.2 crore.
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