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
For banking sector asset quality impact seen in Q1 FY22 will be transient in nature and we should see improvement from Q3 FY22 onwards. As we speak, recoveries and collections are already on the mend.
Coverage banks' credit costs were down ~20 basis points QoQ on the back of strong provisioning buffers created over the last four to five quarters.
Disbursements for housing finance companies increased by ~96% YoY, largely aided by a low base. Sequentially, disbursements were down 60.3% QoQ.
With the demand trends staying favorable, disbursements have seen a rebound since easing of lockdown restrictions.
For life insurance companies strong demand trends for annuity and guaranteed products led to strong growth for non-linked savings products.
Click on the attachment to read the full report:
DISCLAIMER
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.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
