External broker reports(aggregated public sources), Nirmal Bang

Nirmal Bang

External broker reports(aggregated public sources)

A Relationship Beyond Broking

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

Thematic (Sector/Industry)

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<li>Credit growth picking up; lower provisions to drive earnings We expect strong earnings performance from banks in 4QFY22, driven by: (1) improving credit growth (systemic growth 8.5% YoY) (2) stable margins and (3) lower credit costs.</li>
<li>Data suggests upturn in credit growth across segments (Retail and Corporate).</li>
<li>Within the Retail segment, Housing has continued to show sustained traction while unsecured credit has been improving sequentially.</li>
<li>Large private banks are expected to grow at a highe...(continued).</li>
</ul>
<p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>


Credit growth picking up; lower provisions to drive earnings We expect strong earnings performance from banks in 4QFY22, driven by: (1) improving credit growth (systemic growth 8.5% YoY) (2) stable margins and (3) lower credit costs.
Data suggests upturn in credit growth across segments (Retail and Corporate).
Within the Retail segment, Housing has continued to show sustained traction while unsecured credit has been improving sequentially.
Large private banks are expected to grow at a highe...(continued).

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Banking & Financials Sector: Credit Growth Picking Up; Lower Provisions to Drive Earnings

External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>IndusInd Bank is a Hinduja group promoted newer age private sector bank and is the fifth largest private bank in India.</li><li>Vehicle finance forms around 26% of overall loans</li><li>Strong pan-India presence with 6103 touch points as on September 2022.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

IndusInd Bank is a Hinduja group promoted newer age private sector bank and is the fifth largest private bank in India.Vehicle finance forms around 26% of overall loansStrong pan-India presence with 6103 touch points as on September 2022.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

IndusInd Bank - Steady Performance; Outlook Encouraging…

External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>IIB has demonstrated a healthy traction in operating performance over the past few quarters as it successfully braved the storm in late FY20 and FY21.</li><li>It reported a loan growth of ~18% in 1QFY23 (vs average of 8% over FY20-22).</li><li>Improving business activity and a recovery in its core CV and MFI segments will aid overall portfolio growth and further ease credit cost.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

IIB has demonstrated a healthy traction in operating performance over the past few quarters as it successfully braved the storm in late FY20 and FY21.It reported a loan growth of ~18% in 1QFY23 (vs average of 8% over FY20-22).Improving business activity and a recovery in its core CV and MFI segments will aid overall portfolio growth and further ease credit cost.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

IndusInd Bank | IIB has demonstrated a healthy traction in operating performance over the past fe...

IndusInd Bank - Growth Outlook Getting Stronger; Earnings Visibility Improves

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<div><div><div><ul><li>Credit growth remains soft; C/D ratio sub-par: IIB reported a slight miss on NII (+13% YoY) and PPOP (+8% YoY), due to softer loan growth (12% YoY), resulting in a low CD ratio casting an overhang on margins.</li></ul><div><div><div><ul><li>Asset quality pain persists: IIB saw marginally lower gross (3.7%) and net slippages (0.6%) across portfolios, including a reduction in the restructured book at 2.6% (-70bps QoQ).</li></ul><div><div><div><ul><li>Limited levers to accelerate earnings; maintain REDUCE: With growth still reverting in only select segments and stress persisting (more than peers), portfolio stability appears distant.</li></ul></div></div></div></div></div></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Credit growth remains soft; C/D ratio sub-par: IIB reported a slight miss on NII (+13% YoY) and PPOP (+8% YoY), due to softer loan growth (12% YoY), resulting in a low CD ratio casting an overhang on margins.Asset quality pain persists: IIB saw marginally lower gross (3.7%) and net slippages (0.6%) across portfolios, including a reduction in the restructured book at 2.6% (-70bps QoQ).Limited levers to accelerate earnings; maintain REDUCE: With growth still reverting in only select segments and stress persisting (more than peers), portfolio stability appears distant.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

IndusInd Bank - Portfolio Stability Continues to Be Elusive

India

IndusInd Bank Limited is a Mumbai-based Indian new generation bank established in 1994. The Bank provides a range of banking and financial services including  wholesale banking, credit monitoring, risk management, tele-banking, investment banking and commercial lending. IndusInd Bank operates branches throughout India as well as an office in Dubai and London.

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Indusind Bank (IIB IN)

Banking & Financials Sector: Credit Growth Picking Up; Lower Provisions to Drive Earnings

Credit growth picking up; lower provisions to drive earnings We expect strong earnings performance from banks in 4QFY22, driven by: (1) improving...

Nirmal Bang

IndusInd Bank - Steady Performance; Outlook Encouraging…

IndusInd Bank is a Hinduja group promoted newer age private sector bank and is the fifth largest private bank in India. Vehicle finance forms...

ICICI Securities Limited

IndusInd Bank | IIB has demonstrated a healthy traction in operating performance over the past fe...

IIB has demonstrated a healthy traction in operating performance over the past few quarters as it successfully braved the storm in late FY20 and...

Motilal Oswal

IndusInd Bank - Growth Outlook Getting Stronger; Earnings Visibility Improves

IIB has demonstrated a healthy traction in operating performance over the past few quarters as it successfully braved the storm in late FY20 and FY21.

Motilal Oswal

IndusInd Bank - Portfolio Stability Continues to Be Elusive

IndusInd Bank (IIB) reported a 5% miss on earnings estimates due to a higher- than-expected credit cost and soft loan growth.

HDFC Securities

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