BFSI Q4 Earnings Review - Eye On Credit Growth; Life Insurance Strong; AMCs Turning The Corner: Nirmal Bang
Indian two thousand and five hundered rupee notes arranged for photogaph. (Photographer: Dhiraj Singh/Bloomberg)

BFSI Q4 Earnings Review - Eye On Credit Growth; Life Insurance Strong; AMCs Turning The Corner: Nirmal Bang

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.

Nirmal Bang Report

  • Banks under our coverage reported operating profit growth of 10.2% YoY in Q4 FY21 (up 2.5% QoQ), lower than the 13-16% YoY growth reported in the previous two quarters.

  • Housing finance companies continued to remain on a stronger footing given the favorable sector tailwinds.

  • Gold loan portfolio growth between Muthoot Finance Ltd. and Manappuram Finance Ltd. saw divergent trends, driven by underlying volume (tonnage, customers).

  • Life insurance companies reported aggregate annual premium equivalent growth of 37% YoY. Non-par savings products delivered strong growth.

  • Asset management companies under our coverage reported quarterly average assets under management growth of 13.1% YoY and 6.9% QoQ.

Click on the attachment to read the full report:

Nirmal Bang Banking and Financials Sector-Q4FY21 Result Review -17 June 2021.pdf

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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.

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