Was going through Equitas Small Finance Bank’s quarterly report. Their Yield on Assets is 17% and NIM 9%
Could their customers have gone to the lowest cost lender?
Their exposure is mainly to SME, Vehicle, Micro. Nothing that a HDFC Bank cannot service. Then why a sfb.
Reason: they finance a different starta.
Same for Muthoot.
This is the reason why I am holding fort. I believe Muthoot will make a massive turn around within a year’s time.
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