ICICI Securities: Delving Deeper Into BFSI Sector - Actions Express Priorities

The Indian financial system is responding to the Covid-19 crisis with a new rhythm, redefining its existing approach and thinking.

A customer counts Indian one-hundred rupee banknotes before depositing them at a bank in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

In this report we talk beyond numbers and delve deeper into actions of financiers to gauge their business priorities and strategies.

Undoubtedly, the Covid-19 led disruption has derailed business momentum and diverted focus towards collections, capital and cost efficiencies.

Nonetheless, the Indian financial system is responding to the current crisis with a new rhythm redefining, refocusing and reorienting its approach and thinking.

Many are not letting the crisis time go waste and have undertaken distinct and differentiated initiatives (be it products, schemes, offers, tie-ups, etc.) to remain in action, be ahead of the curve and make their businesses bigger, leaner and better.

We bring to the fore financiers’ actions that express their priorities of fast-tracking digitisation, partnering with fintechs, creating collaborative digital ecosystem and not shying away from growth in secured lending through attractive rates/schemes/festive offers etc.

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 brokerage 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.

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