India Financials Conference 2022 - Day 3 Key Takeaways: ICICI Securities
Banks, having sailed through the Covid phase, are now more confident of dealing with credit risk.
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ICICI Securities Report
To provide a great finale to a multi-day conference, on Day-three of our India Financials Conference 2022, leading private banks, insurance companies, micro finance institutions and others shared insights and thoughts on being future-ready and building capabilities for growth.
Banks, having sailed through the Covid phase, are now more confident of dealing with credit risk. A leading bank highlighted that the industry is going through the most benign credit cycle ever.
Financiers are upbeat on growth momentum as green shoots are visible in some of the corporate segments with sustained growth in retail and SME.
Also, banks are getting more constructive on unsecured lending with enhanced ability to analyse data.
Loan repricing benefit, asset mix change with deployment of liquidity for advances growth and sequential outperformance of unsecured lending will support surge in net interest margins. With modest growth in deposits, the endeavour is to accelerate the liability engine too, so it may exert some deposit cost pressure.
Given the continuous investment in technology and roll-out of retail products, operating expenses are likely to remain elevated for the next few quarters.
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