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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:
how these entities are setting the wheels in motion to transform themselves through their digital strategy;
how they are constantly evolving and adopting new capabilities to acquire a competitive edge;
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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