Q4FY25 Earnings Preview - Banks, Financial Services and Insurance (BFSI)
We would watch out for management commentary on growth trajectory in FY26 and direction for recovery in the unsecured segments, particularly MFI...
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HSIE Results Daily: ICICI Bank, Shriram Finance, AU Small Finance Bank, CreditAccess Grameen
ICICI Bank’s (ICICIBC) Q3FY25 earnings marginally beat estimates on the back of strong operating performance, healthy growth on both sides of the...
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Navigating MFI Consumer Credit Exuberance - A Rocky Road Head
The Pain in Consumer Leverage is now showing up in the earnings. "CreditAccess Grameen has revised its guidance for FY25 for the second time in...
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Q3FY25 Earnings Preview - Banks, Financial Services and Insurance (BFSI)
We expect banks under our coverage to deliver ~12% YoY credit growth in Q3FY25, in-line with industry growth. We would expect the systemic growth...
287 Views
Leveraged Financials | Microfinance: Positioning for the Down Cycle
The INR4.2trn microfinance industry (MFI) has witnessed a strong 20% CAGR over FY21-24, driven by a simultaneous increase in borrower count (13%...
264 Views