NBFC Q2 Earnings Preview - Expect Healthy Improvement In Asset Quality, Demand: Systematix
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Systematix Research Report
Despite the third wave overhang, recovery momentum kept gaining root well into September 2021.
Business volumes in Q1 FY22, however, were impacted by the second Covid-19 wave for vehicle financiers.
We expect restructuring volumes to be in low-single digits as a percentage of assets under management with not much incremental credit costs as they were largely upfronted in Q1 FY22.
We expect assets under management growth and collections to hold up well for our covered vehicle finance non banking financial companies in Q2 FY22.
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