I feel with banks now onboarded and rating stable AA-, high cost can be swapped with low cost in coming months/quarters.
Joining of Randhir Singh in July and management strategy focus seems to be now on vehicle finance and small business loans.
Management focus has been on increasing productivity and hence yields are on a positive trend and declining interest rates are only going to give more momentum on this vision.
If Indostar is able to change its market perception due to old legacy/goodwill a further rerating in coming quarters is likely. I can see early signs of management focused strategy on productivity, margins and growth. Any positives on NPA/Writebacks can further support.
| Subscribe To Our Free Newsletter |
