Abhishek Shah

The revisions aim to encourage banks to incentivise lending in underserved areas and discourage lending in districts with already high loan sizes. Reserve Bank of India (RBI) https://lnkd.in/d4ejjjRb

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Market Analysis: Key Insights and Investment Opportunities Anil Singhvi, Managing Editor at ZEE Business, had an insightful conversation with Devang Mehta, Director - Equity Advisory at Spark PWM Private Limited, covering crucial market perspectives: Market Direction: Current market correction signals a short-term adjustment phase. However, fundamental economic indicators remain robust. Mid & Small Cap Outlook: Selective opportunities exist in this segment. This could be an opportune time to invest in quality companies with strong fundamentals. Trump Tariff Impact: Limited anticipated impact on Indian markets. Our domestic economy's strength serves as our biggest buffer. Investment Opportunities: Capital Goods ER & D Discretionary Consumption Infrastructure Key Recommendations: - Focus on long-term investments - Maintain portfolio diversification - Adopt regular investment strategy Expert's View: "The current market dynamics present selective buying opportunities, especially in sectors showing strong growth potential." - Devang Mehta Remember: Market corrections often create opportunities for patient investors looking at quality stocks with strong fundamentals. Watch the complete interview here: https://lnkd.in/dPFjMAvE #MarketAnalysis #InvestmentStrategy #IndianMarkets #EquityMarkets #FinancialMarkets #InvestmentOpportunities #StockMarket

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1) Join our informative webinar session on "Valuation Profession in India: A Bubble or a Routine in the Lending Ecosystem?" by expert faculty, Mr. T. Sujesh Nair, and enhance your skills and knowledge about the Valuation profession in the Indian context. Date & Time: 3rd May, 2024 (2:00 PM to 03:00 PM) Registration link: https://lnkd.in/g4Ni8Nyq 2) Learn about the "Real Estate Project Assessment Challenges in IBC Cases: Opening Kick-Off” in our upcoming webinar by expert faculty, Mr. Ashish Sawe, and enhance your knowledge about the various challenges faced by a Valuer in IBC cases while conducting assessment of Real Estate projects. Date & Time: 3rd May, 2024 (4:00 PM to 06:00 PM) Registration link: https://lnkd.in/gYUp9Jz4 T Sujesh Nair MRICS, FIV, FIIV, MIE, Ar.Ashish Sawe . . #IOVRVF #CEPwebinar #LargestRVO #JoinIOVRVF #webinars #informativesessions #joinnow #valuationmatters #valuation #valuers #registeredvaluers #insolvencyprofessionals #registeredvaluers #expertfacult #speakers #ecosystem #realestate #projects #challenges

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Akshar Shah, Founder of Fixerra, and Nikhil Aggarwal, Founder of Grip Invest, dive into the evolving world of equity and fixed asset investments in this engaging conversation with Rohit Murarka, Business Head at Kotak Cherry. From the changing dynamics of equity markets to the rising appeal of fixed assets for consistent returns, this episode unpacks the emerging trends and strategies to navigate today’s financial landscape. They also share personal insights on what it takes to succeed in fintech, the impact of diversification, and actionable advice for investors on building resilient portfolios. A must-watch for those looking to understand the future of investments and make informed financial decisions. Catch the full podcast here: https://lnkd.in/gbBvpwvc #StaySmartWithCherry #ExpertInsights #Investments #Portfolio

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While valuations are a concern, large caps and some larger midcaps are better placed on risk reward vis-a-vis some of the smallcaps and microcaps, Shibani Sircar Kurian of Kotak Mutual Fund tells THE WEEK #India #StockMarket #UnionBudget2024 #Investing #investments https://lnkd.in/d9HPfXMa

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INDIA NEARLY 50 FOREIGN DIRECT INVESTMENT PROPOSAL STUCK WITH 17 MINISTRIES AND NOW DEPARTMENT FOR PROMOTION OF INDUSTRY AND TRADE ASKED THEM TO CLEAR THE SAME BECAUSE MAXIMUM 12 WEEKS PERIOD ALREADY CROSSED ) The Department for Promotion of Industry and Internal Trade (DPIIT) has called on 17 government departments to expedite decision-making on nearly 50 Foreign Direct Investment (FDI) proposals that have exceeded the mandated 12-week approval timeline. Around 46 FDI applications have crossed the government's prescribed limit without receiving clearance, reported BS, citing sources. Of those, 27 proposals have undergone security vetting by the Ministry of Home Affairs but still await a final decision from the respective administrative ministries. In a letter to the departments, the DPIIT emphasised the need to adhere to standard operating procedures and timelines for processing FDI proposals. The department specifically sought intervention from the Department of Economic Affairs under the Ministry of Finance to ensure time-bound approvals for the pending applications. A DPIIT spokesperson clarified that while the department facilitates the reception of FDI applications through an online portal, the final decision rests with the concerned administrative ministry. The sluggish pace of clearing investment proposals risks denting India's attractiveness as an investment destination, potentially hampering economic growth and job creation. Prompt action by government agencies could help unlock the economic benefits associated with increased foreign capital inflows. https://lnkd.in/grXRtznC

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The Money Show | How do you assess which is right for your portfolio? Financing is personal, and it can get confusing Pankaj Mathpal helps our viewers navigate the criteria for choosing the right fund Kavita Thapliyal | Pankaj Mathpal, CFP®, CWM®

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How to convert your #mutualfund units from demat to Statement of Account (SoA) and vice versa. A very practical guide by Anil Poste https://lnkd.in/gi_Qqxm8

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Watch Vetri Subramaniam, Chief Investment Officer, talking about global and domestic market scenarios. Also, get an overview and investment philosophy of UTI Flexi Cap Fund by Ajay Tyagi, Head of Equity. Streaming LIVE on June 14,2024 (Friday) at 4 PM. To set a reminder click https://bit.ly/3nMCIPm #UTIMutualFund #marketinsight #equity #flexicap #marketupdate #mutualfund #wealthcreation #stayinvested #webinar

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Microfinance institutions lend to low-income groups living in unbanked and underbanked areas typically at an interest rate of 21-25 percent. But some smaller players charging as high as 35-40 percent on their loans in certain parts of the country. Recently, RBI started cautioning NBFCs and MFIs over charging high interest rates on some loans. Additionally, RBI has been reaching out to some MFI lenders to gather details on the penalties charged and action taken against defaulters. More details on what is happening in the MFI space and RBI's concern. https://lnkd.in/dbcXFBDu

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 India’s highest-paid banker isn’t Sashidhar Jagdishan, chief of the country’s largest private lender, HDFC Bank Ltd. That title goes not to Rajeev Jain, the CEO of India’s largest non-bank, Bajaj Finance Ltd, but to Abhay Bhutada, the recently retired chief of a small Pune-based lender called Poonawalla Fincorp Ltd. Shadow banks such as Poonawalla Fincorp and Bajaj Finance have been able to shower their bosses with hefty salaries, bonuses and stock options as they reap the rewards of robust business growth. As per RBI’s regulations, banks are governed by the Banking Regulation Act, which requires the boards of lenders to seek regulatory approval for CEO appointments and their salaries. This doesn’t apply to non-banks, which are governed under the RBI Act and are not required to seek such approval. https://lnkd.in/gpJF3PEX

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My views in Hindu Businessline on the magnanimous listing of the one and only Bajaj Housing Finance https://lnkd.in/dUDR8XRX

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In conversation with Kalpen Parekh, CEO of DSP Mutual Funds, and Rohit Murarka, Business Head at Kotak Cherry, we explore key insights on India's equity market. They discuss: 👉 Why equity offers higher long-term returns and inflation in India 👉 The importance of time diversification through SIPs 👉 How to navigate market volatility with strategic asset allocation For the full conversation, watch the podcast here: https://lnkd.in/gQjQswCJ #StaySmartWithCherry #ExpertInsights #EquityMarket #Investments

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Thank you, M S Sahoo, for bringing much-needed attention to navigating real estate insolvencies under the IBC framework. The Jaypee Infratech case was pivotal. It recognised homebuyers as financial creditors and redefined their rights and status. While this recognition was necessary, it highlighted complex challenges in balancing their interests within insolvency proceedings. Having personally resolved milestone real estate cases such as Radius 10 BKC, Ariisto Developers, Ashiana, Darshan Developers and Nirmal Lifestyle etc under the IBC framework, impacting over 20,000 homebuyers and slum dwellers, I’ve seen firsthand the delicate balance between protecting the economic rights of end-users and maintaining efficient insolvency processes. As you and Raghav Pandey, PhD, point out, a customer-first approach inspired by financial service practices is vital. This ensures that homebuyers and even slum dwellers—who should be considered homeowners in their own right—are safeguarded without being unduly entangled in technical complexities. Equitable outcomes within a unified insolvency framework require innovation, collaboration, and empathy for all stakeholders, including financial and operational creditors. This dialogue is crucial for building trust and resilience within the sector. Incorp Restructuring Services LLP (IPE) #RealEstate #IBC #HomebuyerProtection #CustomerCentricity #SlumRehabilitation #CorporateRestructuring #InsolvencyResolution #TransformativeSolutions

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Investor Syndicate: Tradevisor Finnovations Expect 30% Up move in AAVAS✍️ Aavas Financiers Ltd - CMP: 1670📝 Recommendation: Buy on Dips to 1550 Market Cap: 13232 Cr Investment Thesis: Aavas Financiers Ltd. presents a compelling investment case, combining robust growth potential, attractive valuations, and a substantial margin of safety. The company’s strategic focus on the housing finance sector, particularly lending to the self-employed segment, positions it as a strong candidate for long-term portfolio growth. Sectoral Advantage: Aavas operates within the secured housing finance sector, a segment characterized by stability due to the fundamental importance of home ownership in India. The company’s focus on lending to self-employed individuals, who are traditionally underserved by larger financial institutions, offers a distinct competitive advantage. Macro Growth Drivers: - Underserved Market: India’s mortgage-to-GDP ratio remains among the lowest globally, highlighting significant untapped potential in the housing finance sector. - High Demand: With an estimated shortage of 10 crore houses, coupled with government initiatives aimed at constructing 3 crore homes (2 crore in rural and 1 crore in urban areas), the demand for housing finance is expected to remain robust. Financial Outlook: - Valuation Metrics: Aavas is currently trading at 2.5x FY26E book value and 19x FY26E earnings, with a sustainable Return on Assets (ROA) of approximately 3%. - Growth Ambitions: The company has set an ambitious target to increase its Assets Under Management (AUM) from the current ₹17,000 crore to ₹1 lakh crore by 2033, representing a nearly sixfold increase over eight years. - Risk Management: Aavas maintains a low credit cost of 20 basis points, benefiting from the unique payment behavior observed in tier-3 towns. - Stake Acquisition and Strategic Implications: - The sale of a 26% stake by the company’s promoters, Kedara Capital and Partners, has been a point of concern. This issue has been resolved with CVC Partners, a leading European fund managing $193 billion in assets, acquiring the entire stake. - CVC Partners will also initiate an open offer to acquire an additional 26% stake at ₹1,766 per share, a premium to the current market price. This strategic move enhances the margin of safety and reinforces confidence in Aavas’s long-term prospects. #DhirajSagarPicks #StocksToBuy #Tradevisor #Tradevisoradvisory #AAVAS

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I’ve been turning down all media requests for a post election analysis but talk of whether alliances will hold post elections reminded me of something I wrote 26 years ago - before a Lok Sabha Election result.   The basic premise: one who holds 30 seats may have the same power, or even more, as compared to someone who holds 245 seats.   A mathematical Power Index explains how   Quote Let’s get on with the “Power Indices” of the various political parties.   Think of it this way : suppose you require a 50% plus majority to form a government and there are 3 parties in the parliament with the following seat tally : 44%, 39% and 17%.   Now, any two of these can join together to form the government and therefore all three of them have exactly equal power, no matter that Party 3 has got less than half the number of seats that the first two have. This is a concept that is of use in any ‘majority wins’ decision rule from shareholder resolutions to jury decisions.   Suppose there are 4 parties in the fray this time around: A, B, C and D parties, having 35%, 34%, 17% and 14% of the seats resp. Again if a simple majority is needed to form a government, any two out of A, B & C can form a government whereas the Party D’s support is never really crucial to anyone.   If this party’s 14% is added onto the percentages of any of the first three parties, the sum does not exceed 50% and any larger coalition of parties doesn’t require its support anyway. Party D is therefore called a ‘dummy’ - an apt term for someone whose vote can never change a losing coalition into a winning one or vice versa.   The dummy has no power, while all the other three parties i.e. A, B and C have equal power.   This is inspite of the fact that Party C has far fewer seats than A and B and only a few more than the smallest one i.e. Party D   For those interested, there is a technical concept called the Banzhaf Power Index (BPI) of a group, party or person which is defined as the number of ways in which that group, party or person can change a losing coalition into a winning one or vice versa.   In the preceding example, the BPI of parties A, B and C are equal and that of Party D is zero.    In fact as an individual MP, you are better-off being a part of Party C than Party A or B because as part of the government you get a disproportionate share of the goodies. This is exactly what happened in U.P. where virtually every MLA of a marginal party who joined the BJP government was made a minister - something that was a remote dream for most BJP MLAs.   Unquote (First Global's weekly 'Markets, Majorities and Maths', January 1998)   Thus if a few smaller partners can hold whichever coalition government to ransom, it introduces uncertainty.   “The more things change, the more they stay the same” Hence, I can repeat a 1998 piece which has contemporary parallels   We may be in for some interesting times.   History also shows coalition governments have been pretty good for the economy and markets.

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