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
Business updates released for financiers in Q4 FY21 suggest revived business growth momentum, both on credit (3-6% QoQ growth) as well as deposit front (510%).
However, key to watch out for in Q4 FY21 earnings would be -
1. Actual stress tagging and reported gross non performing assets - though not much deviation is expected from pro forma NPAs;
2. provisioning build-up (both on incremental stress and contingency, if any);
3. narrative on Covid-19 second wave impact – financiers will be conservative in not utilising the contingency buffer; and
4. how benefit of funding cost and portfolio mix shift offsets interest on interest reversal and lower credit-deposit ratio.
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