March 23, 2016
Over the last 2 years we have been constantly accumulating high asset quality Indian Private banks and we have mentioned the same to our followers on twitter. Ir-respective of which Party comes to power to Govern India, modern Indian private banks have always been on the leading edge of innovation offering bouquet of financial services leveraging the power of Information Technology.
During the late 90s they were the first one to begin with Computerized Banking. In the 2000s they invented Internet Banking and in the last Read more
February 29, 2016
WeBank, founded in late 2014, is the first private internet bank in China. Tencent owns a 30% stake in WeBank, while investment firms Baiyeyuan Investment (Not listed) and Liye Group (Not listed) each own 20%. The entity as a whole has registered capital of Rmb3 bn (US$482 mn). WeBank’s scope covers personal banking, corporate banking, and international banking.
In May 2015, WeBank launched its first product ‘Weilidai’, providing personal credit lines to users without the need for guarantee or collateral, Read more
January 22, 2016
The Indian Equity Market has corrected about 20% from the High’s of 30,000. The Index is back to Pre-Modi NaMoBullRun Rally. Amidst the fall, Smart Investors are lapping up stocks which can generate Free Cash Flow. Barring the PSU Banks, other stocks still trade well above their all-time lows.
CLSA French Research House one of the biggest movers and shakers of Indian Market likes the following stocks which have corrected significantly and appear attractive. Read more
September 1, 2015
Ambit Capital Research one of the best entities that has been in sync with how the markets move has cut year End BSE Sensex target to 28,000 from 32,000. Ambit cites reasons that a decisive mandate for the BJP in the 2014 General Elections, the Indian economy was entering its fourth wave of economic expansion but that has not materialized.
Even as their Sensex target moved from 36,000 initially (in November 2014) to 32,000 (FY16 Sensex EPS Read more
July 8, 2015
We’d like to commend the remarkable job done by Out of the Box thinking Analysts covering the Finance / Banking vertical at UBS Securities. What they did is instead of completely relying on data provided by companies to them, they went a step ahead and collected 7,000 collateral documents (used to secure loans) filed at Ministry of Corporate Affairs [MCA] which are pertaining to 100 potentially stressed companies covering approximately US$100bn in loans to understand the exposure and lending practices of banks. Then they tested the financial stability of Banks against Read more
May 29, 2015
After witnessing Record run in benchmark BSE SENSEX of 40% in the last 12 months, the index cooled a little bit on the back of profit tacking by FIIs. Basically, the over leveraged position got unwound after tepid results from the Indian corporates excluding the Private Banks pack which have grown YoY beating the benchmark. However, there is a Silver Lining, the return of Domestic / Retail Investor via Mutual Funds & Insurance products.
The Indian households allocation to direct equity is very modest. India’s insurance Read more