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.
Motilal Oswal Report
Banking sector earnings are likely to exhibit signs of stabilisation after undergoing successive sharp cuts ever since the outbreak of Covid-19.
With the moratorium period ended in August 2020, banks would undertake significant efforts to connect with borrowers and recover their dues; thus, collection efficiency becomes one of the most important monitorables.
On the growth front, retail growth is picking up, with some segments such as tractors, two-wheeler, and gold disbursements reporting steady trends.
On the other hand, commercial vehicle and corporate loan demand remains tepid.
Overall, we expect systemic loan growth to moderate to 4.3% for FY21E, while private banks under our coverage are likely to grow relatively higher at approximately 9% YoY.
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