IDFC First Bank Limited (27-10-2024)
Hi, The details on NCGTC (Background) for CGFMU states the following which is different than what you have assumed.
“Guarantees for loans up to the specified limit (currently Rs.10 Lakh) sanctioned by Banks / NBFCs / MFIs / other financial intermediaries engaged in providing credit facilities to eligible micro units. Further, Overdraft loan amount of Rs.10,000 sanctioned under PMJDY accounts shall also be eligible to be covered under Credit guarantee Fund.”
Further, the investor presentation slides, slide 4, mentions that the 50% of their MFI loan book is insured and not that CGFMU insures 75% of the loan book. They have just said that 75% of their loan book will be insured especially because loans issued after Jan 24 will be insured by CGFMU upto the limit mentioned above.
Or am I misconstruing your comment?
Zomato – Should you order? (27-10-2024)
I would agree with Sahil, even Ashwath Damodaran has change his views on Zomato valuation now
IDFC First Bank Limited (27-10-2024)
(post deleted by author)
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IDFC First Bank Limited (27-10-2024)
I noticed that the promoter shareholding has dropped to zero. Can someone explain why this isn’t a concerning issue? Is it considered normal in banks? The number of retail shareholders has surged significantly. For example, HDFC Bank, with a market cap of around ₹9 lakh crore, has about 40 lakh shareholders, while IDFC First Bank, with just a ₹40,000 crore market cap, has 32 lakh shareholders , ICICI Bank is at 18 Lakh. Why is the equity of this bank being distributed so widely, and why isn’t anyone questioning this? We invest our hard-earned money, yet there are reports of equity being given away in large volumes. Isn’t it unrealistic to expect so many people to become wealthy simultaneously?