Banks, Financial Services Q3 Preview- Healthy Credit Offtake Led By The Positive Festive Sentiments: KRChoksey

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..KRChoksey Research Report.BankingBanks are expected to see a deliberate deviation in the share of unsecured loans after the Reserve Bank of India risk weight announcement. We will remain watchful of the management commentaries in regard to this and its growth outlook going forward.We remain positive on the overall banking sector, especially HDFC Bank Ltd. (2.5 times FY25E price/adjusted book value), ICICI Bank Ltd. (2.4 times FY25E price/adjusted book value), and State Bank of India (1.3 times FY25E P/ABV), which remain our top picks for Q3 FY24E..Non- banking companiesThe non-banking financial company sector has been outperforming market expectations over the last few quarters, resulting in an impressive re rating of prices during M9 FY24E, KRiven by robust business performance across all financial metrics.We will closely monitor the trends of the shift in product mix in the coming quarters. We continue to like Bajaj Finance Ltd. (5.8 times FY25E price/book value) and Poonawalla Fincorp Ltd. (2.3 times FY25E P/BV) for their brand equity and strong market positioning..Click on the attachment to read the full report:.The Mutual Fund Show: Why Mahindra Manulife Small, Mid-Cap Schemes Outperformed Benchmarks.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Banks, Financial Services Q3 Preview- Healthy Credit Offtake Led By The Positive Festive Sentiments: KRChoksey

Capital market traction to lead to a healthy AUM growth for all the major players

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Banks, Financial Services Q3 Preview- Healthy Credit Offtake Led By The Positive Festive Sentiments: KRChoksey

Capital market traction to lead to a healthy AUM growth for all the major players

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