#ICICIBank is one of the 1st bank I ever read about. Always felt like at some point it would catch up with #HDFCbank and cover up the lost ground. Here's a short thread on how ICICI bank's technology stack is shaping up. Do retweet for wider reach.
#ICICIBank has built iMobile app back in 2008. Over the yrs it transformed to a universal fintech app adding many services. App is open for all and it has 30 lakh non-ICICI bank customers. Avg daily volume of these customers increased 7x and value of transaction by 8x
2/n Image
#ICICIBank has developed InstaBIZ app for business banking services. It currently has more than 10 lakh active customers. Financial transactions grew by 24% YoY. 87% of business payments happen digitally through this app.
3/n Image
The bank has specially built a technology stack for corporates offering digital platforms for their business needs. They have built robust APIs ( Active programming interfaces) to facilitate each business case. The API solutions had 2.5x rise in volumes.
4/n #ICICIBank Image
90% savings account transactions
90% personal loans
75% credit cards
33% term life insurance policies
56% of fixed deposits and
19% mortgages
All above transactions are processed through digital channels of #ICICIBank in FY21.
5/n
There is a lot of criticism around #hdfcbank for lagging behind on technology front. #ICICIBank's technology offerings for retail, business and corporate customers growing at such pace should trigger a rerating once the credit cycle starts fully picking up.

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More from @may27capital

27 Oct
We believe that the most interesting aspect of Nykaa's business is CONTENT. Do read the below article before making a decision on applying for #NykaaIPO.Here's a short thread 🧵on different content initiatives taken by #nykaa.Do like and retweet if you liked the thread. Thank you
#Nykaa believes in both BPC and fashion businesses, consumers often require assistance to navigate and make purchase decisions. Nykaa wants to simplify lifestyle commerce through influencer-led inspirational and educational transmedia #Content
2/n
#Nykaa has a network of 1,363 influencers, including Generation Z trendsetters, mommy bloggers, beauty, fashion, and lifestyle bloggers, makeup artists, and celebrities. Nykaa is attracting these influencers by paying commission for the sales they drive on our platform.
3/n Image
Read 8 tweets
25 Oct
So who is Falguni Nayar? what's her story and how did he end up starting #nykaa and becoming India's 1st women entrepreneur to lead a unicorn into the public markets. A short thread 🧵 Image
Falguni Nayar did her MBA in Finance from IIM-A and
worked with Kotak Mahindra group as an investment banker in US and UK for 18 years. In April 2012, she quit as MD after she turned 50 and found #Nykaa. People thought I was crazy,” Nayar said to Vagabomb.
2/n
The brand name #Nykaa is derived from the Sanskrit word nayaka, meaning ‘one in the spotlight’. Nykaa sells beauty, wellness, and fashion products through digital and 76 offline stores for men and women.
3/n
Read 10 tweets
21 Oct
As a part of "behavioral biases in #investing ", today we will talk about Sunk cost fallacy. Time for a short thread 🧵
Imagine u were hungry and in mood for some good food. So u order a burger and pizza. After eating the burger and 2 slices of Pizza u feel full. But to justify the price u paid, u forcefully finish the pizza. That's Sunk cost fallacy. Enough of food coma. Lets get into #Investing
Sunk cost fallacy in #investing can be defined as the tendency of people sticking to their investments just because they spent a lot of time, efforts and money on them. We keep adding more to losing investments just because we already invested a lot.
3/n
Read 11 tweets
20 Oct
A master thread on different behavioral biases that we go through while #investing. Check out this thread and understand how they will affect your investing journey! Do give it a retweet if you like it and follow us for more such insights. Thank you! #may27capital
Read 4 tweets
19 Oct
India is world's 3rd largest consumer of electricity. It's per-capita power consumption was 1208 kWh in 2019-20 compared to the world average of 3,260 kWh. Over the last 8 yrs, consumption has reported consistent growth from 914 kWh in FY13 to 1208 kWh in FY20 an increase of 32%
India accounts for 18% of world population but only 6% of world's primary energy. This is where things get interesting. Renewable Energy is playing a pivotal role in transition of India to a power surplus country.
2/n
The share of Renewable energy in overall installed capacity has more than tripled from 11.8% in Mar-2015 to 37.9% by Aug-2021. Govt has set a target of 175 GW installed capacity by 2022 for renewable electricity generation. The current capacity stands at 100GW.
3/n
Read 5 tweets
18 Oct
There is a lot of buzz around the likely issue of bonus shares by #IEX . Except for offering tax efficient dividend to existing shareholders, issue of bonus shares add little to no value to the investors who want to make a fresh buy. Here's why. A short thread 🧵! Image
Issue of bonus shares can be considered as a tax efficient way of rewarding shareholders by paying dividend in the form of bonus stock. The bonus shares are issued from the reserves of the company. They are issued in the ratios of 1:1, 2:1 etc.

2/n
The CMP of #IEX is 798.45. Imagine you are an existing shareholder who holds 10 shares of IEX. The value of your holding is 7,984 Rs approx. Let us assume that the board decides to issue bonus shares in the ratio of 1:1.

3/n
Read 9 tweets

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