Some key points from the conference call. I listened to about 40 minutes of the call. Missing any key announcements made after the 40 min mark. Other members are encouraged to add more.
- Planning to launch a comprehensive payment system (digital wallet + co-branded credit card). Announcements to come soon.
- Tieups now with top 3 ecommerce players - Amazon, Snapdeal and Flipkart - for their EMI card financing.
- Co. anticipates deterioration in credit quality for consumer durables. Based on their risk assessments they have tightened the screws this quarter (Sep-Dec 2016). However they did not mention whether this would lead to slower growth or de-growth of the consumer durables portfolio.
- EMI cards and Retail EMI cards business doing very well. Especially the partnership with Future Group has generated tremendous response. 25% repeat transactions.
- LAP now on 100% direct-to-consumer model. Although there was a de-growth of 38% (YoY basis), this portfolio is expected to grow going forward.