Edelweiss on GIC Housing Finance:
GIC housing Finance Limited - Changing gear to drive growth
Key Points:
Loan growth target increased significantly due to bigger opportunity and capitalisation of parents GIC’s financial advisors
Reduction in high cost of borrowing and increasing share of high-yield loans expected to boost NIM
Asset quality to improve by new policy of active pursuance of recovery
Healthy earnings will improve RoAA and RoAE
Projected 24% NII growth, 27% PAT growth and 25% loan book growth over FY16-FY19E.
Full Report : https://www.edelweiss.in/research/gic-housing-finance-limited--changing-gear-to-drive-growth-34943a.pdf