CREDITACCESS GRAMEEN · Analyst questions, management answers, and the quality of the response where the ledger is available.
ConCallIQ research layer
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Questions audited
12
Answered directly
58%
Numeric claims
0
Consistency
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Question ledger
Shrea Shivani · Namira
partialWith respect to trends in states like UP, Bihar, MP, all states as demonstrated in our slides are continuously coming down. We have also earlier indicated that our non-core states generally have slightly higher red cause than our core states.
Shrea Shivani · Namira
partialKarnataka spiked up faster. It's come back faster also. We have strongly come back. We'll have to watch the next two three months. January is trending with a similar nature.
Shrea Shivani · Namira
directFortunately some of us have never had this situation because our diversification strategy has a very important role. We are one of the few NBFCs which has a bank borrowing dependency of less than 60%. It has not impacted us during this entire credit cycle.
Abhijital · Modila Los
directOur current approval rates for new borrowers is around 55-60%. And our existing renewal rates are around 45-50%. Just for comparison this used to be around 65% before the guardrails. So it has fallen significantly.
Abhijital · Modila Los
partialThe growth rate of micro finance would be lingering early teens and the rest of the growth will come from retail. Retail we're actually outperforming our guidance a little bit, so it's possible that retail will have a little more share.
Abhijital · Modila Los
evasiveI get your question but I think you may also have to see what is the new car addition there. Across retail including mortgage as well as unsecured business loans, Karnataka is showing a sharp reverse. It does look like at ground things are coming back to normal.
Nidesh · Invest
directThe retail portfolio today roughly comprises of around 3,780 crores. Unsecured loans: Unati loan around 1,700 crores, lighter version 1,600 crores. Mortgage business loans 266 crores, home loan book roughly 200 crores, two-wheeler book around 13 crores. So secured portfolio will be around 500 crores.
Nidesh · Invest
directWe should see some improvement in margins. Maybe for next year we should see the NIMs anywhere between maybe 14 and 14 and a half in that range for some time because borrowing cost incrementally we do see dropping by 10 bps every quarter for at least next two to three quarters.
Rajiv Meta · Yes Securities
partialNew customer acquisition will pick up traction in Q4 itself. We did 2,200 in December and we should hopefully do slightly better in Q4 because Q4 generally comes with our best performance.
Rajiv Meta · Yes Securities
partialWe did accelerate write-off only in October. So it's stopped from there. We should see probably Q4 will have similar credit cost as that of Q3 and it may take some more time to see where it stabilizes.
Chintan Sha · ICK securities
evasiveIt's too early. It's just the summer January we've seen. We'll have to maintain the trend. If you're able to maintain the trend in Feb March April, we'll come back with a better guidance in May. It does look like there is a possibility that it can be lower.
Rajumar Vinatan · RK West
partialWe talking about annualized guidance for next year. The indicator is somewhere around that. We will come back with guidance in May. With no extraordinary event present we should be in similar range.
