BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
The third quarter of FY22 will be characterised by growth gathering pace and uptick in collections with recovery in business activities. Leading financiers have reported 3-8% QoQ loan growth and YoY growth, too, has gained traction.
With lower slippages and improving collections/recoveries, we expect improvement in the overall stress pool and credit cost for banks. Behaviour of Emergency Credit Line Guarantee Scheme lending pool and restructured portfolio would be key to watch out.
For non-banking financial companies/housing finance companies, the Reserve Bank of India’s notification relating to harmonisation of income recognition, asset classification and provisioning norms would likely result in an uptick in gross non performing assets.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.