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

Emkay

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

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External broker reports(aggregated public sources)

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.

Equity Bottom-Up

<ul><li>RBL has initiated a clean-up act in 3Q amid rising delinquencies in the MFI portfolio due to imposition of MFIN guardrails, in addition to elevated, though moderating, stress in the card portfolio due to breakup from BAF, leading to higher provisions and thus PBT loss at Rs1.9bn.</li><li>However, RBL benefited from tax reversal and thus reported negligible PAT at Rs0.3bn.</li><li>It posted MoM improvement in MFI X bucket collection efficiency at 98.4%, and expects stress to largely peak-out (3+ lenders @19-20%) by 4Q.</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>

RBL has initiated a clean-up act in 3Q amid rising delinquencies in the MFI portfolio due to imposition of MFIN guardrails, in addition to elevated, though moderating, stress in the card portfolio due to breakup from BAF, leading to higher provisions and thus PBT loss at Rs1.9bn.However, RBL benefited from tax reversal and thus reported negligible PAT at Rs0.3bn.It posted MoM improvement in MFI X bucket collection efficiency at 98.4%, and expects stress to largely peak-out (3+ lenders @19-20%) by 4Q.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.

RBL Bank - A Clean up Act in 3Q; to Continue in 4Q

RBL Bank Ltd

RBL Bank - A Clean up Act in 3Q; to Continue in 4Q