sparkly wrote:obiero wrote:sparkly wrote:^PBT or PAT?
It cannot be PAT
Looks overly optimistic... rate cap.
Larger banks reported increased refinance requests implying a larger book even with the reduced rates. Plus appraisal fee as well as credit risk insurance was introduced by all the tier 1 lenders in Q4.
Previously, banks pegged FD rates on the Tbill, offering upto 21% early 2016 but now the most anyone can get as an FD rate is 70% of CBR; apart from smaller lenders who are desperate for liquidity. Finally, a silent exodus is in the offing from smaller to larger banks by all segments i.e retail, SME, corporate. We wait to see
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21