ilmscore | Prediction Details
"so for a bank or an nbfc which specializes into giving loans to projects which are about renewable energy they are going to be benefited are you with me yes so which is this nbfc has to be i e d a because re is nothing but renewable energy right now when I again so understand the sequence also so when I said t renewable energy agreed but ideally they would be giving loans to companies all right would they be giving loans to individuals like people like you and mea okay so for that I listened to one of the management interview and in that the key person says that right now we don't have a separate entity as such which focuses on retail lending because what he was mentioning is it requires a separate level of expertise assessing risk or assessing repayment capacity of a corporate versus assessing the repayment capacity of an individual that is going to vary so we have to understand that if it is about assessing the rep repayment capacity of an individual we need specialized team who can assess the risk profile and then decide whether to lend a loan whether to lend money or not whether to give a loan or not so for that they said that yes we are planning to create a subsidiary separately to help the retail sector with renewable energy this was mentioned by Mr pradep Das the uh Chief manager managing director of irida and uh he had he said that they have requested permission requested permission to start the operation of this separate division for renewable energy and let's see how quickly they get this entire renewable uh they get this entire license right"
By CA Rachana Phadke Ranade | January 25, 2024 | Correct
From video
IREDA | This stock is 5x in 2 months | CA Rachana Ranade 00:12:45 - 00:14:11
Interpreted Prediction
IREDA is positioning itself to benefit from the renewable energy sector. The MD stated plans to create a separate subsidiary to focus on retail lending for renewable energy projects, indicating a strategic move to capture a new market segment.
AI Evaluation Notes
IREDA indeed pursued the creation of a retail lending subsidiary. On December 20, 2024, IREDA received approval from the Reserve Bank of India (RBI) to establish a wholly-owned subsidiary for retail financing. This confirms the prediction's accuracy.

Prediction Details

Ticker
RE

Comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.