Punjab National Bank CC-Sep24.pdf · 2024-10-28
Deliberately I am not touching my initial remarks because I want to hear from you. So , it may be one more thing I can tell you also , because we have given the guidance for the 0.8 for the entire year and we have given the guidance that it will be 1% at the exit of the current financial year. Since we have already achieved more than 1% in the half year, it is around 0.9%. So, we are revising our guidance, it will be around 0.9% to 1% for the whole of the year from the 8% earlier guidance.
Nitin, see, already we have made a provision of Rs. 350 Cr as a floating provision for the NPA and you are worried about the ECL et cetera also. 97% already we are having the PCR. What is ECL provision? ECL provision is how is your new underwriting behaving. I have already given the 51 month data of the new underwriting, 9 trillion we have sanctioned, 8.19 trillion we have disbursed, 6.31 trillion is outstanding, which is around 60% of my total loan book. And out of this 2,374 is NPA. E ven if you see the OTR, OTR-1 and OTR-2, Rs. 170 crore provision we have made additional. As against the requirement of the 5% and 10% RBI, we are making 12.5%. So, I think there is no need for further provision . Also, already 500 and 350 we have made a provision for the floating provision in this quarter and total is the 500.