India’s largest lender SBI is gradually capturing the very lucrative unsecured personal loan(PL) market.

A thread 🧵

As per credit bureau CRIF Highmark Unsecured PL market has seen significant growth in recent years. This has been driven a lot by liquidity crunch due to lockdown and emergency medical needs.

Total unsecured PL portfolio as per CRIF was estimated to be at 4.1 lakh crore as on March 19. This increased to 6.5 lakh crore by March 21.

Interestingly, in spite of fintech and NBFC penetration, public sector banks still had majority share – they originated 50% of incremental unsecured PL loans in FY 21 by value.

SBI’s PL portfolio during the period also increased from 1 lakh crore in March 19 to 2.4 lakh crore. This growth was driven by their Xpress credit product which uses credit bureau and other data to sanction loans within just eight minutes!

Day in the Life of a Hedge Fund Analyst

Few live to tell the tale.

"Was it like Billions?"
"Describe ur investment process?"
"What did u learn?"

I get these questions all the time, but for a while I was afraid of answering publicly. No more!

Hedge fund story time.
👇
🧵/

1/ ⏰ 6AM Pre-Market Review

Wake up thinking about ur overnight positions.
What happened during London/Asia trading?
Scan the major news on ur way to office.
🏢🚕🚶‍♀️

Think about how ur getting screwed by beta (general macro, FOMC, inflation, etc.) cuz ur net long (or net short).

2/ 7AM Portfolio Review

U'll typically have ~250 names in the portfolio "universe" (stocks w/ active positions & those on watchlist but already modeled).

Review each thesis vis-a-vis new market conditions. Anything changed?
Should u downside/upsize any?
New trade opportunities?

Here's a checklist of top items to check per company:

- Any earnings calls this week?
- Any product releases?
- Any new sell-side reports? Downgrades/Upgrades?
- Any M&A rumors in the space?
- Any management change announcements?
- Any guidance revisions?
- Any legal happenings?

3/ 8AM Plan out your daily/weekly agenda

Major types of events that'll populate ur calendar:
- Investor day at XYZ
- Q1-Q4 earnings call
- XYZ road show
- Dinner event w/ IR (investor relations) at XYZ
- Private buy-side bus trip (w/ mgmt @ XYZ) arranged by GS
- JPM conference