Is this due to RBI's action?

Someone said KFintech is a 100% OFS issue, how will investors make money....

This was my tweet on the IPO amd one must read the replies.
Most people had no idea about the company's ownership or business model.
This is not a reco.

New All Time High on KFintech.
I never recommend to invest in IPOs but this was an exception since I closely work with them and understand the depth and scale of their business
Everyone was so negative on my recommendation tweet. Got full allotment, its doubled in 16 months

Decent results from CanFin Homes

As I has said the other day IDFC First will need to raise capital sometime this year, same confirmed by the MD Vaidy.
IDFC is consuming lot of tier 1 capital as the focus is in unsecured loans which requires higher risk weightage to be assigned.

PNB Housing results look good

The leadership has moved Axis Bank.

4 bank results came out on Saturday.
Markets loved ICICI and Yes Bank results which is showing in stock price movement today.
But RBL and IDFC First results probably were below market expectations. Markets giving a thumbs down to both banks.

Not a reco.

Less than 4% of Indian population invests in equities and Mutual funds.
Let that sink in.

India does not have equity culture like developed countries
If it happens then money flowing into MFs and stocks will stop.
India needs to promote equity culture
Even FII investments will dry up.
Kiss good bye to stock investing then.

CET ratio
ICICI Bank 15.6%
HDFC Bank 16.3%
Axis Bank 13.74%

CET 1 ratio
Yes Bank 12.7%
IDFC First 13.36%
Both banks will need to raise fresh capital in next 6 to 12 months.
Equity Capital
Yes Bank ₹5736 Cr
IDFC First ₹7070 Cr
More unsecured loans you give more capital you consume as risk weightage is higher for unsecured loans.

Jaspal Bhatti was known as comedy king.
He was far ahead of his times and could see the future

RIP Abhay.....

You should ask every company which changes the previous year's nos. Why nos have changed

Overall results are a mixed bag.
Let's see how stock reacts on Monday

I did not see any exceptional item in Q4 FY23

IDFC First results don't kook good.
PAT lower by 10% at 724 cr YoY vs 802 cr in Q4 of previous year

On first glance, results look good.