Congrats. Just one question on the gold book, right? You mentioned 30% of your total book is gold, right?
Okay. And that is fixed rate. So what would be the tenure of these loans?
Questions across 19 calls
Gaurav Jani
Prabhudas Lilladher
City Union Bank Limited
Sir, just on the cost of deposits, right? So, if you can just elaborate as to what proportion of deposits matured for this kind of benefit, right? And what are the upcoming or what proportion of deposits would also mature or give us that benefit in the second half?
And sir, just to clarify, what was this number for the 2nd Quarter? I mean, what proportion of deposits would have matured for the 2nd Quarter?
Thank you, sir. Congrats on the quarter. Just a question on the fee income. So, last quarter, we had some bulked-up fees because of, I think Bancassurance. And that has actually probably come off this quarter. So, you know, that is number one. So, as to why there has been a reduction. And then, could we revert back to the previous level is my question. And I'll just come to the next part later.
Sure. And, sir, the next part is FY '25, right, versus FY '24. Because, obviously, of the kicker from the Banca, our fee-to-assets is improved by 10 basis points. What sort of a trend do you see that, you know, do you see a shaping up over the next, over the near to medium term, as to fee-to-assets as a percentage?
Thank you, sir and congrats on good quarter. Firstly, sir, I missed Vijay sir's comments on shredding of lower interest rate loans. Can you repeat that please, which two segments would be there?
Sir, thank you. Just one last from my end, if I may. You mentioned about the Commission, Exchange and Brokerage, right? So can you understand that was it also bulked up in because it was Q4 and could there be further normalization in the coming quarters or this is new base that you are looking at?
Sir, after we reach a targeted level of PCR, right? So what sort of normalized credit cost are we estimating? Right now, we're at about 60, 65 basis points. So yes?
So what you're saying is, sir, it would remain between 60, 65 basis points?
So, just a couple of questions from my end and one is on the yield, right, if the penal interest was adjusted for the same good yields have been similar to the last quarter?
But if you just please tell us on the yields, would they have been stable or slightly lower?
So firstly, you did mention about senior level how you working with Mr. Anand -- so if you could just give a brief background about where would they have been higher? I mean not as -- I mean not specifying for each and every one, but just give brief background about all of them isn't so not have they been hired and in was first year of experience?
Can you give the examples of these region banks, sir, if you can, I mean.
Union Bank of India
Thank you for taking my question. Congratulations. Just, firstly on the LDRs, right , while we have had a liquidity benefit due to the CRR cuts, the LDR is kind of shot up by about 4.5% sequentially. So, what kind of LDR levels are we looking for? Given the fact that capital, we are pretty comfortable about 14%-15% as well. Yes, that is the first question?
Understood. Thank you so much. Secondly, on the OPEX side, right, last 2 years OPEX growth has been kind of low. So, for the next 2 financial years, what kind of an OPEX growth do we expect? Should it be in tandem with the loan growth?
Thank you for taking my question. I just had a question on the yields and related to the kind of sequential loan growth that you guys have seen. So, on a sequential basis, we have seen a sharp decline in corporate while retail has grown well. Having said that the yields have come up to about 25% quarter, So, what would explain this sharp reduction of yields despite of a decent growth in retail? And corresponding to that, there is another component of retail which has been growing pretty sharply, So, what would constitute that? That is my first question.
Yes, sir, just to hop back on the previous one. So, my sense is, I agree with you that there will be a yield reduction because of EBLR repricing that will be cushioned by the mix change, right?
ICICI Prudential Asset Management Company Limited
Congrats on a good quarter. Just one question. Last three quarters, we have been seeing, you know, operating leverage play out in terms of opex to assets reducing. Safe to assume this would be a trend going forward or how should we look at it?
Sure, sir. Understood, sir. That is it from my end.
HDFC Asset Management Company Limited
Just taking the point forward on revenue, right? So, my question was related to the yields. So, the yields, of course, have been sort of flattish. But in spite of a strong growth in equity sequentially and also overall yield driven by equity. So what has led to this?
Understood, sir. Lastly, o n the other opex, right, so there's been a sequential increase. So, can you help us understand the factors that would have led to this and equally quantify the magnitudes please?
Congratulations. First question is to Naozad. Naozad, if I am stripping off the ESOP cost last quarter versus this quarter there's been a n INR18 crores increase in the staff cost. So , would you like to call out as to how much of this is sort of onetime in nature and what's the normal run rate we're looking at?
Yes. I understood. The second question is from a more structural perspective. So, if I had to look at actually the kind of grow th we saw in FY '24, overall equity which is why our blended sort of shrunk by about 2.5 basis points obviously, an outcome of decline in equity yields. Now all things being equal assuming a similar sort of a -- let's assume that similar sort of equity growth comes through. Technically, the revenue growth should actually be better than the last time around that we saw . Considering that if you have telescopic pricing, a lot of the funds would have reached a certain threshold. So just wanted to understand that.
Nippon Life India Asset Management Limited
Thank you for taking my question. Firstly, I wanted to check on blended yields and the related equity yields and distribute the pay offs given that we had already rationalized commissions for the few funds since with effect from February 1st, would there be any benefit through the next quarter, what is your assessment on that?
So I was asking on a net basis, would that benefit also in the next quarter or all the benefit is included?
Congrats on the quarter. So two questions from my side. One is a slightly broader question. I mean also according to the industry, I mean, not only you guys, but last 2 -odd years we have seen elevated commissions, elevated payouts which is sort of normalizing right across some of the AMCs. So could this trend continue for 1.5, 2 years? I mean, how should w e look at it? That's number one? And secondly, what would be the impact on net sales overall for the industry and especially for the players that are doing well?
So, Sundeep, what I understand is certain amount of flows can be compromised?
UTI Asset Management Company Limited
Just one question pertaining to the net flows, right? Could you just clarify that the equity and hybrid net flows includes the arbitrage number, right?
Bajaj Housing Finance Limited
Thank you and congrats on the listing. So we just wanted your outlook on the disbursals, right? So, I mean, Q2 of last year to this year, till we got this quarter, the disbursals have been flattish, right? First half, we've done about INR24,000 crores. So what's the outlook for the second half, this number one? And secondly, our repayment rates have sort of fallen drastically over the last two quarters. So anything you read out there, I mean, is this a structural thing that we are going to do out here? So that's the first thing.
Disbursement, H1 versus H1 is flattish, so H2 or lower. And the second one.
Can Fin Homes Limited
Sir, hopping a bit on the CLSS, right? So I assume last y ear, the disbursals were 0 because the scheme was not continued. We see it as INR1,901 crores for FY'23, but it was 0, right, for '24?
Yes, I'll just switch to the handset system. Sir, what I was asking you is last year, the CLSS -- FY'23, the CLSS disbursals are mentioned at INR1,901 crores in the PPT. Last year, it would be 0, right, because the scheme was not continued?
Couple of bookkeeping questions first. Can you quantify the investment income in Q2 and Q1, I think it was...
Can you quantify the investment income, please, for Q2 and Q1?
LIC Housing Finance Limited
One is this quarter, we have seen higher repayments of about INR13,000 crores, if you had to back up here the numbers. So any particular reason for this? I mean, why is this number higher?
Okay. And sir, could you split as to between the repayments as to what would have been between individual housing and project loans?