JM Financial Limited CC-Jun25.pdf · 2025-08-12
First of all, hearty congratulations for like finally seeing the reversal on impairments, which was like really awaiting on our end. Second is after attending con calls for so long, the kind of breadth that we feel is just amazing. And congratulations to t he team that you continue to do well. Just a couple of questions. So, if all the restructuring exercise and the planning is over, is there a possibility of a buyback or any sort of event on that side now?
Okay. The one small bookkeeping question is in the wealth side, when we use the words that out of the INR115,000 crores, it includes distribution, custody and advisory. I think I understand distribution, does custody mean that we don't earn any income ther e, but it is just stagnated old type of stocks. And over time, it will get revamped as and when we talk to the customers or investors and help them revamp the portfolio? What does custody part there?