Attached please find the latest INV ppt for the SIB
- Points which stand out for me is the reduction in provisions , increase in nim to 3.62 , healthy new loan book with nil defaults till date from oct 20.
- As pointed by you doesnt look the remittance business is not delivering, it grew at a healthy pace of 14%.
- Corporate loan book grew by 18 % and NII by 44%.
- All this has been improving steadily and can be compared qoq and yoy as well.
- i will be willing to reconsider by thesis here only if the data changes for bad but as of now things are on track.
- it appears your investment decision is anchored to your entry price and the gains which you do not want to give back to the market. However these are subjective things and change from investor to investor.
plz do go through the inv ppt for more details. if the jockey here was mr sobti or rana kapoor from yes bank , then i would have been little wary as these guys have a agressive approach as compared to the conservative approach of SIB.
Best
divyansh
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