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

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.

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