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.
Axis Securities Report
Banks - We expect loan growth to pick up as revival in economic activity and robust festive demand during Q3 FY22 drive retail/small and medium enterprise segments. Deposit traction has marginally moderated QoQ leading to expansion in credit-deposit ratio for most banks.
NBFCs - The disbursements trajectory is expected to improve in Q3 FY22, led by the housing segment. Earnings performance is likely to see further business traction and collection efficiency improvement.
Microfinance - Though collection efficiency has improved month-on-month, it continues to remain below normalised levels.
Small Finance Banks - The disbursement growth momentum has sustained on a sequential basis, translating into healthy AUM growth.
Diversified Financials - While credit card spends will be supported by the festive season, economic unlocking will support the pick-up in new customer addition, which in turn, will aid in cards-in-force growth. We expect healthy earnings performance for most life insurance companies
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