I got paneer/roti for lunch the other day.
Had it in office but couldn't taste a thing.
Mini panic in mind ! Is it Covid ?!
Called up home to say that I am going to go myself tested.
I got a calm reply back - haan woh aaj namak daalna bhul gaye...
True story ! :)
Kotak on ICICI Bk Q3
"Time to take a deep breath & watch in awe..
15% RoE
16% loan growth, 23% NII growth, 4% NIM
Avg CASA ratio 45%
Fee income +19%
Net NPL ratio -15bps, GNPL -70bps QoQ
we are running out of adjectives to describe one of the best recovery in large banks"
FIIs sold stocks worth $33.3 billion in 9 months between Oct-21 & June-22. Nifty fell 18%.
FIIs bought stocks worth $3.5 billion in the last month & a half. Nifty has jumped 18%.
And the Nifty is now 3.5% away from all time highs.
#Markets
Quant MF has grown from managing Rs.500cr in Dec-2020 to over Rs.50,000cr now. 100X in 3 years.
Sandeep Tandon is the founder & CIO. A 30 year veteran in markets he has done it all - sell side, prop, buy side & much more..
Quant MF's returns have been in the top percentile