Author: Raoji

Economy

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Some stuff I am reading today morning:

Reliance crashes (TOI)

Investors prepare for US election day (BS)

Tax amnesty plan can settle 1.2 Trillion rupees of tax claims (Mint)

India’s factory growth at decade high (Reuters)

What explains surge in GST collections? (BT)

The politics of money (Marc Rubinstein)

10 signs the bubble has already popped (David Einhorn)

What is a Tech company? (Stratechery)

The Flipkart story (Forbes)

The saga of Pramod Mittal (Money Life)

Plug

Capital Small Finance Bank is India’s First Small Finance Bank

It is a steady performer with a Advances CAGR of 34% and Deposits CAGR of 23%, over the last 4 years.Its CASA ratio is 37.7% and Net NPA is 1.25%

Its top ten shareholders include HDFC Life, ICICI Pru Life, SIDBI etc

The latest annual report can be obtained from here and the Corporate Video can be viewed here.

A very limited quantity of shares of Capital Small Finance Bank is on offer.

For those interested,please email me at Alpha Ideas.

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