BFSI Sector Update - Assessment, Impact Of Second Covid-19 Wave Intensity: ICICI Securities
An employee holds a stack of electronic payment receipts and Indian Rupee banknotes at a BPCL fuel station in Bengaluru. (Photographer: Dhiraj Singh/Bloomberg)

BFSI Sector Update - Assessment, Impact Of Second Covid-19 Wave Intensity: ICICI Securities

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

Unsuccessful auto-debit requests (bounce rate) in terms of value on National Automated Clearing House platform have spiked 4%% to 31% as against the average 27% for January-March 2021.

Last year, during the same period from April-June, it was around 35-38%.

During the first Covid-19 wave, delta rise in bounce rate over the average was 30-40% and due to moratorium and non-tagging of non performing loans the pace of moderation was underwhelming.

As compared to that delta during the second Covid-19 wave seems to be 8-10% and there is hope on early normalisation.

Click on the attachment to read the full report:

ICICI Securities BFSI Sector Update.pdf


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