ABCAPITAL / Q1-FY24 / claim-ledger

Audit the questions that mattered.

Aditya Birla Capital · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ1-FY24 · 2023-07-20Back to quarter ↗

Questions audited

Answered directly

68%

Numeric claims

Consistency

contradicted

Question ledger

What was answered, and how?

Anuj Singla · Bank of America

direct

What growth target for lending book in FY24 and beyond?

We have, we have stated that we will double our book in the next 3 years. So, so that means 25% plus the kind of growth is what we are strategically looking at.

Anuj Singla · Bank of America

partial

Can NIM levels sustain despite funding cost pressures?

We are looking at expansion of margins to 7.5% over the next 2-3 years. With the change in the product mix, we will achieve that.

Anuj Singla · Bank of America

evasive

What is driving the increase in GS2+3 for personal/consumer loans?

In terms of if we look at the forward flows, I think it's very stable, and it's in the range which we have guided. It's within the guard rails...

Abhijit Tibrewal · Motilal Oswal

direct

Are FLDG arrangements being triggered for personal loans?

Right now, we have not dipped into any FLDG. We didn't have any FLDG. The guidelines which came in December of 2022 by RBI did not allow the digital lending guidelines...

Abhijit Tibrewal · Motilal Oswal

direct

What is the target mix for personal and consumer loans?

Your ultimate product mix question today, retail and consume- retail, consumer and SME is around 67% of our portfolio, balance is corporate. Going forward... consumer personal loans and the SMEs or the small business loans, will be around 75%, and the corporates will be around 25% over the next three years.

Avinash Singh · MK Global

direct

What is the disbursement mix by channel for NBFC?

If you look at our direct sourcing at a company level is 45% is direct, 23% comes through the DSAs, and 42% of the business comes through the digital. This is the mix at the company level.

Avinash Singh · MK Global

partial

How will housing finance maintain profitability with prime mix?

I think the strategies we have, you know, kind of articulated earlier also is maintain the right, you know, mix. We've been speaking about the right balance of the value segment and the growth segment.

Avinash Singh · MK Global

partial

What is the deployment plan for the INR 3,000 crore capital raised?

First thing that the majority allocation of capital will help towards the lending businesses, depending on the market opportunity. Secondly, whatever growth capital requirement will be there from our LI and HI businesses, we will provide that.

Dipanjan Ghosh · Citigroup

partial

What is the retail new business growth YoY for health insurance?

I think our overall retail business grew at about 17% YoY.

Dipanjan Ghosh · Citigroup

partial

What drove VNB margin movement in life insurance?

For the VNB of the 1st quarter is largely driven by a product mix strategy. Also, it is driven by a strategy of a significantly larger productivity...

Ramesh · ICICI

direct

Is 0.5% credit cost the new normal for NBFC?

Trade cost, yes, we have said that it would be in this range, with the change in the product mix and unsecured business which has grown over the last couple of years.

Shubhranshu Mishra · PhillipCapital

declined

What is the monthly run rate with Paytm Postpaid?

We don't discuss individual, specific partner run rates.