BFSI Q3 Earnings Preview: Growth Outlook, Clarity On Stress Book Awaited, Says KRChoksey 
An employee counts rupee currency notes inside a private money exchange office in New Delhi. 

BFSI Q3 Earnings Preview: Growth Outlook, Clarity On Stress Book Awaited, Says KRChoksey 

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.

KRChoksey Report

Sector Overview

Banking:

According to media reports, corporate restructuring have been handful. However, we expect higher micro small and medium enterprises and retail restructuring. The banks have not yet reversed any of its Covid-19 provisions.

Asset Management Companies:

We except asset under management growth driven by increase in asset prices. As per the data by AMFI, AUM has grown 8% QoQ in the December quarter. In October and November, there has been a net inflow in mutual funds, however there is no growth in number of folios.

NBFCs:

We expect AUM growth to remain subdued on account of weakness in demand in new sales, shift in share to banks, and caution. Product-wise, home loans have outperformed other segments.

Click on the attachment to read the full report:

KRChoksey BFSI Q3FY21 Preview.pdf

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