Can Fin Homes – Mortgage Lending Not Totally Safe, In India
The idea that large corporate loans and especially those related to infrastructure projects, are the main credit risk for India’s banks, may be...
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LIC Housing – Dizzying Gearing, Soaring Bad Loans
The risks are obvious even if it’s housing lending. Debt/equity is 996% for LIC Housing Finance (LICHF IN), higher than any other NBFC in India as...
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India Banks – Consumer and Mortgage Also a Risk
As new numbers are released, we have a better glimpse of where we are in the bad loan cycle, and the data is not reassuring. And we see that it is...
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Can Fin Homes- 2QFY19-Â Spreads to Improve over the Next 4 Quarters
Can Fin Homes (CANF IN) reported 2QFY19 PAT in line with our estimates. Disbursements grew by 7% against our estimates of 12%. Loan book grew at...
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Can Fin Homes- Increase in Interest Rates, Lower Fair Value
We have noted increased interest rates for medium-term bonds in India. The yield on 2-year GOI bond has moved to 7.93% in September 2018 from...
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