- The management is hopeful of seeing increasing discretionary spends in the coming quarters.
- Cost of fund is likely to go up by 40-50 bps and margins to be affected +/- 10 bps
- Cost to Income will remain on an elevated level due to increased focus on new customer acquisition.
- Healthy growth in electronics, hotel, restaurant, entertainment and furnishing segment
- Credit Card base is expected to reach 750 million in 5 years.
- Lower revolver, increase in CoF and regulatory restrictions on fees and penalties to act as near term overhang
- Investments in marketing & distribution to aid improving trends in travel, hotel, leisure and entertainment spends
- Steady market share, product launches and pick up in spends to gradually convert into revolvers, thereby aiding valuation ahead.
Revolver meaning that more customers started paying off their bills in the same month rather than rolling over it to the next month. Better cash flow.
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