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    Sharath Kumar

    Vice President and Equity Research Analyst at Deutsche Bank

    Sharath Kumar is a Vice President and Equity Research Analyst at Deutsche Bank, specializing in the coverage of the Indian financial services sector with a focus on key banking and insurance companies such as HDFC Bank, ICICI Bank, Axis Bank, SBI, and Bajaj Finance. He is recognized for his detailed financial modeling and sector-specific insights, contributing to widely-read research reports that assist institutional investors in making informed decisions. With his career in equity research commencing in the mid-2010s, Sharath Kumar joined Deutsche Bank after stints at firms like JPMorgan, where he built expertise in financial sector analysis. Sharath holds key financial certifications and regulatory licenses, including SEBI registration as a Research Analyst and is praised for accurate sector outlooks and outperformance calls that have garnered recognition among domestic and global clients.

    Sharath Kumar's questions to BNPQY leadership

    Sharath Kumar's questions to BNPQY leadership • Q2 2024

    Question

    Requested a decomposition of the results for Arval and Leasing Solutions to better understand the impact of used car prices versus other components, and asked for a timeline on the completion of the runoff of non-core activities in the Personal Finance division.

    Answer

    The company does not break down Arval's results further but explained that while underlying volumes and service margins are growing, the mark-to-market impact of falling used car prices will continue to weigh on the top line for several more quarters. The runoff of non-core Personal Finance activities, which represent about one-third of its balance sheet, is a gradual process with no specific end date given.

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