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

Motilal Oswal

External broker reports(aggregated public sources)

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.

Equity Bottom-Up

<div><div><div><div><ul><li>Digital penetration improving; remains watchful of rising rate environment</li></ul><div><div><div><ul><li>Loan growth gaining traction; utilization levels improving</li></ul><div><div><div><div><ul><li>Deposit share steady; high mix of floating loans to support NII growth</li></ul></div></div></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>

Digital penetration improving; remains watchful of rising rate environmentLoan growth gaining traction; utilization levels improvingDeposit share steady; high mix of floating loans to support NII growthContent 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.

State Bank of India - Well Poised to Sustain the Growth Momentum

External broker reports(aggregated public sources), Emkay Global Financial Services Limited

Emkay

Emkay Global Financial Services Limited

Emkay Global Financial Services Ltd. is a leader in the financial services sector, actively creating wealth for our clients for over two decades. 

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><div><ul><li>System-beating credit growth; surpasses expectations: Overall credit growth improved to 11% yoy/6% qoq, led by continued strong traction in retail (up 15% yoy) and resurging corporate book.</li></ul><div><div><div><div><ul><li>Steady improvement in asset quality, higher PCR to contain incremental LLP</li></ul><div><div><div><div><ul><li>Outlook and valuation: SBI remains one of our preferred picks, given its healthy growth trajectory and improving RoA/RoRWA/RoE profile.</li></ul></div></div></div></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>

System-beating credit growth; surpasses expectations: Overall credit growth improved to 11% yoy/6% qoq, led by continued strong traction in retail (up 15% yoy) and resurging corporate book.Steady improvement in asset quality, higher PCR to contain incremental LLPOutlook and valuation: SBI remains one of our preferred picks, given its healthy growth trajectory and improving RoA/RoRWA/RoE profile.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.

External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank 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><div><ul><li>Strong Loan growth Performance: On the business front, the bank’s loan growth reamined strong and was up by 11%/6% YoY/QoQ compared to 9%/5.5% YoY/QoQ in Q3FY22.</li></ul><div><div><div><div><ul><li>Continued Strong Asset quality:Asset quality improved with G/NNPAs declining by 53bps/32bps QoQ to 3.97%/1.02%.</li></ul><div><div><div><div><ul><li>Operating performance: Domestic NIM remained flat QoQ to 3.4% and improved 29bps YoY.</li></ul></div></div></div></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>

Strong Loan growth Performance: On the business front, the bank’s loan growth reamined strong and was up by 11%/6% YoY/QoQ compared to 9%/5.5% YoY/QoQ in Q3FY22.Continued Strong Asset quality:Asset quality improved with G/NNPAs declining by 53bps/32bps QoQ to 3.97%/1.02%.Operating performance: Domestic NIM remained flat QoQ to 3.4% and improved 29bps YoY.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.

External broker reports(aggregated public sources), Nirmal Bang

Nirmal Bang

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.

<div><div><div><div><ul><li>Loan growth accelerates: Overall loan growth accelerated further to 11.6% YoY and 5.8% QoQ.</li></ul><div><div><div><div><ul><li>Deposit growth healthy, CASA ratio dips: Overall deposits increased by 10.1% YoY and 5.3% QoQ.</li></ul><div><div><div><div><ul><li>Yields/NIM stable: NII increased by 15.3% YoY and 1.7% QoQ.</li></ul></div></div></div></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>

Loan growth accelerates: Overall loan growth accelerated further to 11.6% YoY and 5.8% QoQ.Deposit growth healthy, CASA ratio dips: Overall deposits increased by 10.1% YoY and 5.3% QoQ.Yields/NIM stable: NII increased by 15.3% YoY and 1.7% QoQ.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.

State Bank of India - Credit Growth Accelerates; Margin Stable

<ul>
<li>Commodities and IT sectors are the biggest winners of FY22. In the last one year, the Metals sector has gone up 53%, Energy by 40%, commodities by 30%, and the IT index by 40%</li>
<li>However, the consumer-facing sectors closed FY22 on a muted note with FMCG reporting growth of only 4% and the Auto sector of 5%</li>
<li>The current market performance is factoring in the current rising inflation and the rising interest rate regime</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>


Commodities and IT sectors are the biggest winners of FY22. In the last one year, the Metals sector has gone up 53%, Energy by 40%, commodities by 30%, and the IT index by 40%
However, the consumer-facing sectors closed FY22 on a muted note with FMCG reporting growth of only 4% and the Auto sector of 5%
The current market performance is factoring in the current rising inflation and the rising interest rate regime

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.

India

State Bank of India (SBI) is a multinational public sector bank and financial services company that offers a wide array of banking and financial services, including retail and corporate banking, investment banking, insurance, and wealth management. Its key products and services include home loans, SME loans, corporate credit, and digital banking solutions. The bank is headquartered in Mumbai, Maharashtra, India, and traces its roots to the Bank of Calcutta established in 1806, officially becoming State Bank of India in 1955.

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State Bank of India (SBIN IN)

State Bank of India - Well Poised to Sustain the Growth Momentum

State Bank of India(SBIN)’s Annual Report highlights the strong progress that the bank is making in fortifying its balance sheet and restoring RoEs...

Motilal Oswal

Result Update - State Bank of India

SBI continued to report a strong PAT of Rs91bn (est.: Rs86bn), up 41% yoy, led by better credit growth/margins, forex fees and contained LLP.

Emkay

Result Update - State Bank of India

SBI’s earnings traction continued in Q4FY22 and was up 61% YoY, led by a 35% YoY decline in provisions and 15% YoY growth in Net Interest Income.

Axis Direct

State Bank of India - Credit Growth Accelerates; Margin Stable

Even though the NII growth was impressive at 15.3% YoY, operating profit was flat YoY as overall other income dipped ~27% YoY due to exceptionally...

Nirmal Bang

Axis Top Picks April 2022

Commodities and IT sectors are the biggest winners of FY22. In the last one year, the Metals sector has gone up 53%, Energy by 40%, commodities by...

Axis Direct

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