Capital Small Finance Bank is one of the fastest growing banks in the country.
Covid was a stress test for most financials.
The Bank passed the test with flying colours- PAT increased by 55% and Net NPAs of only 1.13%
It’s financials can be obtained from here.
A very limited quantity of its shares are on offer for sale.
For those interested,please email me at Alpha Ideas
Some stuff I am reading today morning:
Are benchmark indices headed towards all time highs? (FE)
Anger grows as Covid-19 engulfs rural India ( BS)
On Insurer death-claims during Covid first wave (Anand Sridharan)
Interview with Kalpen Parekh ( FE)
Return Probabilities of Indian Indices (Abhinav Mehrotra)
How Xiaomi transformed itself into a Made in India brand ( Forbes)
The $4 Billion Unicorn you need to hear about (Tiger Feathers)
As Crypto Currency goes wild, regulators get worried (Washington Post)
Elon Musk, Chamath Palihapitiya, Cathie Wood face a reckoning (Bloomberg)
Grift is Good ( Can Duruk)
Mr. Rieder is the CIO at BlackRock which has an AUM of $ 8.5 Trillion
