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India Credit Cards / Personal & Business Loans / Re: HDFC CREDIT CARD SETTLEMENT
« Last post by manoj on January 19, 2018, 04:39:56 PM »
You are better off talking to the underwriting department of HDFC bank to guide you on this. Each bank has there own procedure of calculation. If you have HDFC bank savings account associated, then you can login into your account and find the contact information of the concerned person.
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Indian Retail Forum and Discussion / Artificial Intelligence Investment
« Last post by Larrydeering on January 08, 2018, 10:39:04 PM »
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Thank you,
Bonita
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It will be really interesting to see if more and more Indians will choose Rupay over Visa, Mastercard. To get success with Rupay card, it is necessary to improve the availability of banking services and extend their reach to the remotest parts of India.
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First of all, whats RuPay? In 2012, India came up with its own payment gateway system called RuPay. Launched by the National Payments Corporation of India (NPCI), RuPay was an answer to the dominant foreign players, MasterCard, Visa and American Express.
This domestic plastic card was launched with the intention to merge payment systems within the country. It was brought to life in order to realise the RBI’s yearning for a domestic payment system with an open loop and multilateral approach. It was post demonetisation that we saw a sudden rise in the use of RuPay Credit Cards and Debit Cards at point-of-sale (PoS) terminals at various merchant outlets in India.

Here's a list of benefits which gave sudden growth in RuPay cards utilization:
  • Less dependence on cash: The adoption to cashless systems such as Debit Cards, Credit Cards or mobile wallets was found easier to manage money.
  • Cost-effective: Compared to other payment systems, the transaction costs involved with RuPay cards are significantly lower.
  • Fast Transactions: Since all the transactions made with a RuPay card are processed within the country itself, the transactions are much faster than others
  • Financial Inclusion: These cards were introduced as a measure to drive financial inclusion by involving all the economic classes within the country.
  • Information Sharing: The Data of Indian users is safe and secure with RuPay cards. While for other cards, its usually shared on an international level
  • Alerts: For every transaction you make using your RuPay card, you’ll get an SMS notification.

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Hi,

I am looking for region wise credit card holders data (just count) across pan India as per latest census.At lease I require the urban/semi urban/rural share of credit card holders(% basis)..If someone can help me with this I will be really glad.(Even if you can let me know the source I will be happy).


Thanks
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RuPay has 180 mn PMJDY accounts and 85 mn are for mainstream customers. Visa and MasterCard had 53 banks on offer a couple of years ago; RuPay serves 618 banks including all Regional Rural Banks (RRBs) and small private banks. Working with co-operative banks is not necessarily profitable but the idea is to create universalization.

In three years, RuPay getting 38% market share is commendable, for unlike China, India is an open market. From 1998 to 2015, China barred MasterCard and Visa while in India, NPCI has had to compete on service. RuPay does not intend to go global.

RuPay is acceptable at 100% of the ATMs, at all POSs except HSBC’s and it is also acceptable across e-commerce platforms. Banks have their own concerns regarding the branding of RuPay. RuPay will do credit card interchange (65 bps) for commercial payments; for peer to peer remittances, the charge is a flat fee structure. RuPay has tied up with Discovers and Diners globally for its international cards which means that around 70% of all POS terminals can honor a RuPay international card.
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NPCI sees significant opportunities in the start-up space in payments: prepaid card companies, analytics, information security consultancy, among others. Wallets have brought a tremendous revolution to the country by changing the user experience. With the UPI, the banking customer can get the same user experience as a wallet customer. This attempt is one of the largest in the world. Banks were initially resistant but some have been very experimental.

UPI licenses to third party (non-bank parties like wallets) have not been opened up currently. Initially Payment Service Providers (PSPs) can be banks only but it is expected that this should be opened up to wallet companies in due course. This is similar to the IMPS model which has gradually been expanded beyond the banks.

Banks are also interesting from a credit card perspective – RBI does not allow non-banks to issue credit cards. However, they have tied-up with a small private sector bank to issue a co-branded card which will be launched in 90-120 days.
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India Credit Cards / Personal & Business Loans / Re: credit card settlement
« Last post by cardbhai on December 15, 2017, 12:55:23 PM »
Settlement of Credit Cards below the amount that you owe is a temporary solution and affects your credit history and score negatively.

Here are the Steps for Settling Credit Cards and Defaulted Personal Loans with Indian Banks.

If you have settled loan and your CIBIL Score is Low, then you can start rebuilding your CIBIL credit score by taking the following steps.
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IPOs and Rights Issues / HDFC Standard Life IPO / Review Recommendation
« Last post by resh on November 08, 2017, 08:16:05 AM »
Here are all the Brokerage Reviews of HDFC Standard Life IPO

Rohit Verma of Adroit Research said,

At the upper band of Rs 290, the issue is valued at 4.2x of 2QFY-2018 embedded value (EV) of Rs 14,011 Cr, a bit higher than close listed player SBI Life and ICICI Prudential which is trading at 3.6x and 3.3x of 2QFY-2018 EV respectively. However, we believe the slight premium is justifiable, considering, consistent growth across premium categories, improving dividend payout over last 4 years, strong parentage, trusted brand name, highest VNB (Value of New Business) margin (22% for FY2017) and well-balanced business mix. Based on the above factors we are very positive for long term but company is asking higher price band which is higher than its peers, so we suggest being on neutral side.

Aditya Birla Money has the following Review,

We believe HDFC Life has the significant potential to deliver steady growth from long term perspective after considering the expected improvement in India’s economic growth, financialisation of savings and under-penetrated Insurance market. Management has showcased its ability to deliver steady growth across all the business and economic cycles in the past. The company has a healthy balance sheet and delivered a RoE of 25.6%. As at June 30, 2017, it had a solvency ratio of 197.5%, above the minimum 150% solvency ratio required under IRDAI regulations. At the price band of ` 275-290, the company has priced the stock valuation at 4.7x FY17 Embedded value at higher end. Considering the parentage brand of ‘HDFC’, strong corporate governance, ability to consistently deliver steady PAT performance, better than industry VNB margins and high dividend payouts, we believe valuations of HDFC Life are reasonable. We recommend investors to SUBSCRIBE the issue from both short and long term perspective.

Shreesh Chandra of Nirmal Bang Securities Ltd said,

Besides consistently being among the Top 3 private life insurers in terms of profitability based on Value of New Business or VNB margin, it has also been consistently among the Top 3 private life insurers in terms of market share based on total new business premiums collected between FY15 and FY17, according to rating agency Crisil.

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IPOs and Rights Issues / New India Assurance - Review / Recommendation
« Last post by resh on November 03, 2017, 12:21:55 PM »
Here are all the Research Analysts Views on the " New India Assurance" IPO which will be mostly subscribed by the LIC of India to give money to the Government.

Adroit Research told us,

Plus, a solvency ratio of 2.2x places the company in a comfortable position to pursue growth going forward. At the upper price band of Rs. 800 per share, the company is valued at Rs. 659.2 billion which translates into a P/E ratio of 78x FY17 EPS and 2.8x FY17 GWP. But on the basis of these trailing multiples, the issue may look expensive; however, taking into account future growth potential of general insurance and given the company’s market leadership position, reputation and strong brand name, we recommend neutral on this company.

SPA Securities Analyst Siddesh Mhatre has arrived at the following view,

Quote
The company's premium has grown at a CAGR of ~17% over FY14-17. We believe low penetration, increasing awareness for insurance, rising income levels, multi channel distribution network, focus on product innovation and improved underwriting profitability will help the insurer to improve its Roe going ahead (in the range of 7-13% over the last 3 years vs. ICICI Lombard Roe in excess of 16% over last 5 years). At the upper price band of INR 800 per share, the issue is valued at 3.2x FY17 P/BV (incl. fair value changes) and 80x FY17 P/E. We recommend SUBSCRIBE to the issue as a good long term investment.

GEPL Capital has the following Recommendation

Quote
The New India Assurance Co. Ltd (NIA) stands to gain from operating leverage. At a P/BV of 2.4xs of FY17 book value. We believe that NIA demands a discount to its domestic peers. We assign a Subscribe rating to the IPO.
Akash Jain of Ajcon Global said

At the upper end of the price band of Rs. 800, the IPO is valued at a P/E of 79x and P/BV 5x (excluding fair value change account) on post IPO basis as against P/E of 45x and P/BV of 8x for ICICI Lombard which is very expensive considering single digit ROE as compared to ICICI Lombard ROE of 18.4 percent. In terms of operating metrics and investment yield too, ICICI Lombard is better placed than The New India Assurance. We recommend investors to stay away from this IPO but consider it post listing as it may be available at a discount.

KR Choksey Research Analyst - Raghav Garg and amit Singh told us

Quote
At the upper price band of Rs. 800 per share, the company is valued at Rs. 659.2 bn which translates into a P/E ratio of 78x FY17 EPS and 2.8x FY17 GWP. Based on these trailing multiples, the issue may look expensive; however, taking into account future growth
potential of general insurance and given the company’s market leadership position, reputation and strong brand name, we advise
to SUBSCRIBE FOR THE LONG-TERM.

Atish Matlawala of SSJ Finance said,

NIA has reported a CAGR of 16.7% on premiums earned, however, its net profit declined by CAGR of 1.8% over FY2013-2017. On its upper band of price of Rs 800, the issue is priced at P/BV ratio of 5.0x of its Q1FY2018 Book value of Rs 160. We believe that the IPO is overpriced leaving little appreciation for investor. Hence, we recommend to Avoid the IPO.
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