Questions across 8 calls

Bhaskar Basu

Jefferies

HDB Financial Services Limited

HDB Financial Services Limited CC-Jan26.pdf · 2026-01-14

Yes, good evening. I had a couple of questions. Firstly, on the vehicle side. So this 4% disbursement growth, if you can kind of give some colour around how much was the drag from a price deflation there. And secondly, when I look at the book, CV new seems to have grown sequentially by about 4%, while used CVs actually shrunk on a sequential basis. So is there anything playing out there? These are the two questions on the CV side. And my last question is basically o n the Business Loan front, where so far you've tightened filters, and how far are you when you think you can start pushing growth again? That's all from my side.

Okay. Just two follow ups there. One was a question which I'd asked actually, on the disbursement side in CVs . How much was the drag from price deflation? Like you reported about 4% disbursement growth. Had it not been for the price, what would this be? Just a ballpark kind of sense. And secondly, just on the Business Loan, at this point of time, at a broader industry level, are you seeing unsecured business loan stress starting to kind of abate or stabilize, which will give you comfort to push the growth again?

Manappuram Finance Limited

Manappuram Finance Limited CC-Nov25.pdf · 2025-10-30

I just had two questions. One, clarificatory. So if you look at the standalone net yields, it's still at around 19.5. Just wanted a sense, what is the gold loan yield here?

So if you compare with the industry players, most of them are in the 18.5, 17-18.5 kind of range. So you're still above the industry level. So do we really see some stabilization here or do we see more cuts here?

Manappuram Finance Limited CC-Sep24.pdf · 2024-11-05

I had a couple of questions. So firstly, what is the Tier 1 capital at Asirvad?

And just what would this be in terms of percentage of risk-weighted assets?

LIC Housing Finance Limited

LIC Housing Finance Limited CC-Nov25.pdf · 2025-10-30

I had two questions actually. Firstly, what would be the yield on the portfolio of home loans ? You gave the total portfolio yield of 9.24%, but the home loan yield for the portfolio? And also just wanted to understand how does this whole rewriting thing work. Someone who is looking for a balance transfer, you offer an 8% yield for them.

So, m y connected question was that , say, your overall housing portfolio is sitting at around 9.24% I understand that there will be various borrowers at different categories of CIBIL score, but this is still fairly well above your rewriting rate. So, don't you see a lot of these borrowers coming for reset or at least coming down to that 8% or whatever the rewriting rate? So, my question is whether this back book continues to reprice going forward even though you may not have another PLR cut?

LIC Housing Finance Limited CC-Mar25.pdf · 2025-05-16

I just had a clarification. So of the INR450 crores of income NPA recovery, which is in -- which is part of the NII, how much of it came in this quarter? And secondly, the increase in other income this quarter seems to be quite sharp. So what is driving that?

And for the full year, this number is?

Muthoot Finance Limited

Muthoot Finance Limited CC-Dec24.pdf · 2025-02-12

I just had one question. Wh en I look at your ALM for the last couple of years, almost 40% of your borrowings ex -NCDs mature in the first 6 months and around another 30% in the remaining 6 months. So almost 70% matures. And just wanted to clarify, I mean, there was a question earlier also. These are all 1 year MCLR linked? Or do you have shorter MCLR as well because these seem to be shorter maturity loans?

Yes. But every year, almost like 70% matures within the year, so which is why when you say long-term loans, what would be the tenure for these loans?

Home First Finance Company India Limited

Home First Finance Company India Limited CC-Dec23.pdf · 2024-01-19

This is on your guidance for spreads. I mean, if I get it right, you're now guiding to 5.0% to 5.3%. I think earlier you used to guide to about 5.3%. So, is there a downward revision in the spread guidance and what is this being driven by?

And I mean from a perspective of the recent RBI tightening and general increase in funding cost, what is the incremental impact you're seeing? I mean, I see that marginal cost of borrowing is kind of similar. So, do you see some increase because of this, because of the RBI tightening?

Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment and Finance Company Limited CC-Sep23.pdf · 2023-11-03

Just two questions. I think one you partly clarified. So, on these variable commission structure with FinTechs etc., is the variable fee or commission netted off in the yield level, and so to some extent is that FLDG or quasi FLDG embedded in the yield? That was number one. And secondly, if you look at your unsecured portfolio, which is about Rs.8,000 crores, I think you talked about Rs.2,000 crores being fintech partners. So, as you kind of calibrate your fintech book, what are the steps you are taking ? Do you expect the whole book to slow or are you building or you taking any steps to kind of build your traditional channel so that the growth there continues to sustain? Yes, these are the two questions.

So, just a clarification there on the first part . What I was referring to is performance related commission where there is a whole structure wherein kind of the commission is linked to performance of the portfolio. So, I was basically referring to those. I mean, FLDG is very clear, I think.