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India Financials Conference 2022 - Day 2 Key Takeaways: ICICI Securities

Financiers are upbeat on growth momentum as green shoots are visible in some of the corporate segments.

<div class="paragraphs"><p>500 rupees Indian bank notes arranged for photograph. (Photo: Usha Kunji/BQ Prime)</p></div>
500 rupees Indian bank notes arranged for photograph. (Photo: Usha Kunji/BQ Prime)

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ICICI Securities Report

Post the enriching and valuable insights on Day-1 with corporate representatives emphasising the essence of ‘New-Age, New-Edge, New-Pledge’, Day-2 of our India Financials Conference 2022 saw representation from more than 10 corporate entities.

We had a blend of representation from banks, non-banking financial companies, housing finance companies, health insurers, and exchanges on Day-2 Discussions were centered around:

  1. how these entities are setting the wheels in motion to transform themselves through their digital strategy;

  2. how they are constantly evolving and adopting new capabilities to acquire a competitive edge;

  3. how are they making their organisation future-ready.

Common read-throughs include:

  • Financiers are upbeat on growth momentum as green shoots are visible in some of the corporate segments with sustained momentum in retail and small and medium enterprise.

  • Interestingly, corporate pricing is getting better with higher credit offtake and drawdown of surplus liquidity. Working capital is stable and some capex-led demand is driving incremental growth.

  • Incremental net interest margins are getting better with pass of rate hikes.

  • Nonetheless, focus on accelerating the granular deposit engine will put pressure on deposit cost.

  • Also, players, in order to drive growth, are expanding footprints in regions where credit penetration is low.

Click on the attachment to read the full report:

ICICI Securities BFSI India Financials Conference 2022 Post Conference Notes Day 2.pdf

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