Still how they will reach the PAT of INR 4000 by FY’27 is not clear. The Path is a bit unclear.
Even if we take NIMs of 4 percent on book assets of 40k cr – INR 1,600
plus 1 percent on total AUM of 1 lacs cr – INR 1000
plus 0.5 percent processing fee on incremental disbursal – say 150-200 crs. (On disbursement of 30k crs)
Revenue sum barely reaches 3000 crs and on top of that you have Opex and credit costs.
In all scenarios it ends up in range of 1800-2200 crs.
Is there any other fee or income that comes in case of colending?
Do they get some additional revenue share if they are originating, maintaining and collecting from the customers? Logically, they should be getting some additional share for ops purpose.
Also, in my knowledge, when you give FLDG to the colender then you tend to get higher share in the arrangement (at tandem your credit risks shoots up).
Can someone help to solve this piece of puzzle.
@Ballaji_Vijayan @Mihir_iitr @Vineet_Bhatia and others.
Disc: tracking position taken
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