Stockrabit · Analysts
Questions across 55 calls

Jai Mundhra

ICICI Securities

Karur Vysya Bank Limited

Karur Vysya Bank Limited CC-May26.pdf · 2026-05-07
Yes. Congratulations on a strong set of numbers. Sir, first, I just want to reconcile on the guidance part that you said. ROA is clear. But net interest margin, you said that we -- even for the last year, we started guiding at 3.75%, 3.80%, but we delivered 3.97%. Sorry, what is the guidance for FY '27, sir, on margin?
Right, sir. And sir, any numerical guidance on the growth part, sir, at overall level? I heard that gold, we have still internal scope, but what would be the overall book growth could look like?
Karur Vysya Bank Limited CC-Feb26.pdf · 2026-01-23
Congratulations on a fantastic number. Sir, my first question is on NII, right? So last quarter, we had said that cost of deposit may not decline as much, whereas there was anyway pressure on yields. You mentioned the change in the loan mix in terms of floating things, etc. But apart from that, was there any other one-off, any other non-business as usual thing, which would have added either interest income or cost of deposit?
Sure. No, no. I trusted so, but the number looks incredibly good. So that was the question...?
Karur Vysya Bank Limited CC-Sep25.pdf · 2025-10-17
Congratulations on the quarter. Sir, on -- I wanted to get this adjustment right. So let us say, this quarter, we had one lumpy recovery. Part of that has come in NII, other income. And let us say, there is lumpy slippages. So just wanted to understand, si r, of this lumpy recovery, how much has flown to NII? You have given the NIM adjustment. But how much of that has gone into -- it looks like it has gone into income on investment, and how much it has gone into other income? And similarly, on these 2, let us say, one -off kind of corporate slippages, how much have you provided? Just to get the, let us say, the one -off -- just to get the normalized NII and the normalized provisions, if you have that bifurcation?
Right. That is very helpful, sir. And sir, of this, other INR259 crores of fee income, except the core fee? One -- sorry, how much is the total TWO pool apart from this INR156 crores, and if there's the treasury, if you can quantify?
Karur Vysya Bank Limited CC-Mar25.pdf · 2025-05-19
Hi, good evening, sir and congratulations on good numbers . Sir, few questions, first on gold loans, sir, you said that you have closed down the precious division , is it something to do with the new RBI circular and do you see any changes or fine tuning in your gold loan business basis the recent draft guideline by RBI?
Sir, the retail gold loan business, agri plus non-agri that should not have any material impact after the RBI draft circular, right that there is no fine tuning that you need to do or any material changes that you need to do?

Punjab National Bank

Punjab National Bank CC-May26.pdf · 2026-05-05
Sir, continuing from the previous question. Sir, it looks like mathematically, you know, the guidance, if you were to break down for loan growth will remain at 12%, 13%. And NII, we are saying, will be lower than credit growth. So then mathematically, NIM should decline, right? So how these 3 things tally if the NII growth is lower than credit growth, then ideally your NIM should decline. If NIM is expanding, then NII growth should be higher than credit growth. So that is the question, sir. Or are the NIM number is exit quarter, though it does not look like that, but, just wanted a clarity there.
Okay, sure. And secondly, sir, this portfolio core retail, core RAM and the reported RAM , it looks like that IBPC portfolio is still INR70,000 crore. Is that the numbers are broadly correct?

The Federal Bank Limited

The Federal Bank Limited CC-May26.pdf · 2026-04-29
First question on gold loan practices. Gold loan, of course, the prices vary quite a lot, and even in third quarter, they would have varied from more than INR15,000 per gram or maybe INR16,000, INR16,500 per gram to now INR15,000 below. Do you calculate the gold prices on a daily basis or you do some 1 month, 2-month average or there is a cap at the upper level? How does this work?
Second question is on cost to income, like we had a guidance that we gave in the Strategy Day. Does that hold? Or I mean, any thoughts on that cost to income guidance?

City Union Bank Limited

City Union Bank Limited CC-Apr26.pdf · 2026-04-27
Yes, hi, good evening, sir , and thanks for the opportunity. And many congratulations on a meaningful career at City Union Bank, driving the bank to a very impressive height, and creating shareholder value. Sir, my first question is regarding gold loan. So far, the gold loans have grown at a much faster pace than overall loans, and I believe this is not an asset quality issue at all. But I just wanted to understand the risk practices here in the sens e that, let's say, in January, February, from the peak of gold loan prices, gold prices have come down by 10% to 15%. So how do we manage the risk management for those portfolios that have originated at let us say INR165K of a 10-gram gold loan? So, if the loan—gold loan — was originated at INR165, it has come down by 10% to 15%. While at the portfolio level the LTV is very respectable, very manageable, how do you manage the risk in that portfolio?
Okay. So, I mean, even irrespective of gold loan prices, you would have kept per-gram gold lending at what you said, INR1,000, INR1,100 at max, right?

IDFC First Bank Limited

IDFC First Bank Limited CC-Apr26.pdf · 2026-04-25
First, a small clarification, you mentioned that 170, 180 credit cost is including the CGFMU recovery, if any? Would you have a number as to how much you are going to claim for this financial year?
Okay. Sure. And secondly, on MFI book now, now this quarter of the book has been flattish. And if I were to maybe include the write- off, then it may have grown. How are you looking at this book incrementally? I mean, would it be I mean when do you think it will hit double digit and maybe similar to overall bank? Or how are you looking at this book?
IDFC First Bank Limited CC-Sep25.pdf · 2025-10-18
I have a couple of questions. First is on MFI book, right? So I think we have the disbursement is higher format versus last quarter, but the book has run down by around INR1,000 crores. So how do you see this book shaping up in terms of would you believe this will keep running down? Or you think there is, at some point of time, it will start growing in rupees crores and in percentage of loans?
Right. And sir, secondly, on MSME, right? So in your entire INR2.66 lakh crores loan book, I mean, you have given Consumer loan, then there is a Business loan, then there is a Wholesale loan. How -- if you have done any sensitivity of how much could be the SME into export and particularly to US, if you have any ? A lot of banks have quantified the absolute crores portfolio, which is there predominantly to US . If you, or you will not be very , or this will be very negligible for you?

Union Bank of India

Union Bank of India CC-Apr26.pdf · 2026-04-23
Sir, my question is also broadly similar. I heard you that you said that we will focus more on growth along with quality and profitability. The profitability focus is clear . I mean we have defended elevated ROA, so that is well appreciated. But sir, what I wanted to know is when you assumed charge, Union Bank was one of the few banks which was not too much concerned on the loan growth, but they were defending NIM or consolidating liability franchise. And hence NII growth was very minuscule because you were not growing as much also. Then you put a shift in the loan growth trajectory. But still the NII growth is similar, third quarter was a good quarter in the sense that NII increased 5% -6% Q-o-Q. But this quarter again while the growth has been 6%, but NII growth has been flat. So is there any thought out strategy or this is just market force driven that you will keep going on the loan growth on quality and the NII outcomes will be dependent on the market competitiveness? Or you have some visibility on the NII growth also sir? Thank you, that is the first question?
Okay, sure, sir. And sir, you have given a decent disclosure on the bulk deposit. And so in the December quarter or in the March quarter, there was a lot of -- there was a sharp spike in the bulk deposit rates. So, could you quantify, sir, what was your blended bulk deposit rate? A ballpark number will also do. And has that started to come off in a significant way?
Union Bank of India CC-Jan26.pdf · 2026-01-14
Hi, good afternoon, sir, and congratulations on a good number and revival of the loan growth. Sir, my first question is on the loan growth, you also talked about that there are ongoing mixed changes within Corporate and some of the lower yielding loan book getting transferred. Amidst all this, how should one look at the loan growth going ahead? Is this mixed change is broadly over? And can you like sustain this 4% or maybe higher Q-o-Q loan growth? And how soon can you reach industry level loan growth on a Y-o-Y basis?
Sure. So, to conclude, what you are saying is that this kind of a run rate growth on a Q-o-Q basis can be sustained, and you would be hopeful of achieving industry level growth Y -o-Y basis soon, right?

Bank of Maharashtra

Bank of Maharashtra CC-Apr26.pdf · 2026-04-20
Yes, hi. Good evening, sir and congratulations on a great number. Sir, I have a few questions. One is on the treasury portfolio, if you can suggest how much was the MTM, the number that we have given is the total MTM plus realized gain and the movement in AFS reserves from Q3 to Q4?
Right. Sir, I was more interested in knowing the swing from Q3, how much was the AFS reserves? And I believe because yields have come back to below 7%, so you would have seen a recouping of this thing. But how much was AFS reserves in Q3 and how much was it at the end of the quarter, March quarter? Yes.

Kotak Mahindra Bank Limited

Kotak Mahindra Bank Limited CC-Jan26.pdf · 2026-01-24
Hi. Good evening, sir. Thanks for the opportunity . Sir, on slippages, right, so the absolute slippages are stable Q -o-Q. You have been mentioning that the Bank has been experiencing improving trajectory on personal loan , credit card , MFI. And those are supposedly high delinquent product. So, if they are improving, then, which is the piece which is rising and hence, the overall slippages are stable. That is if you can provide some clarity there apart from the retail CV, which anyway is a very small proportion, I believe?
Sure, sir. And lastly, on One Kotak, right, so, as we have been saying that we are a unique positioned financial conglomerate, but if I look at the core fee income, despite industry - leading loan growth and deposit growth, but the core fee income growth has been much weaker or much smaller tha n the loan growth and even in absolute basis, despite all this conglomerate strategy. So, is there anything which is, when can we expect the core fee Page | 30 income going more or less similar in terms of business growth? So, far, was there any obstacle? Thank you.

Bandhan Bank Limited

Bandhan Bank Limited CC-Jul25.pdf · 2025-07-18
First, a small clarification, Vishal. So you said that -- now that the qualifying criteria has been changed. So there may be further tightness on the individual loan side, right, not the group EEB, but I mean in your parlance, the individual MFI loans, is that the understanding?
Correct. So I mean, honestly, if I understand, if I look at our EEB book, while at the system level, at the aggregate level for Bandhan, the EEB book has been declining, but still the individual portion is still reasonably healthy, right? So I mean there is some moderation you may -- if there is a further tightness there, right, then there could be one outcome there.

RBL Bank Limited

RBL Bank Limited CC-Jan26.pdf · 2026-01-17
Just first question on RBI approval. So you mentioned that you have also sought approval for amalgamation of Emirates India branch. And of course, there is an approval pending for the transaction. Are these 2 separate approval or they are like one approval only?
Okay. Sure. No, that is very clear. And second question, sir, on credit card business, so you mentioned about the likely asset quality behavior. But I also wanted to check on the growth side, right? So if you believe that it will take over 2 quarters for portfolio quality to more stabilize in the interim period, would you see the book outcome to be similar wherein the Q -o-Q or Y -o-Y growth has been negative? Or you think that maybe the recent behavior makes you positive to at least start growing this book? How should one look at the credit card book growth over the next 2 to 4 quarters?
RBL Bank Limited CC-Dec25.pdf · 2026-01-17
Just first question on RBI approval. So you mentioned that you have also sought approval for amalgamation of Emirates India branch. And of course, there is an approval pending for the transaction. Are these 2 separate approval or they are like one approval only?
Okay. Sure. No, that is very clear. And second question, sir, on credit card business, so you mentioned about the likely asset quality behavior. But I also wanted to check on the growth side, right? So if you believe that it will take over 2 quarters for portfolio quality to more stabilize in the interim period, would you see the book outcome to be similar wherein the Q -o-Q or Y -o-Y growth has been negative? Or you think that maybe the recent behavior makes you positive to at least start growing this book? How should one look at the credit card book growth over the next 2 to 4 quarters?
RBL Bank Limited CC-Jun25.pdf · 2025-07-19
Yes, hi. Good afternoon, sir, and thanks for additional disclosures. Sir, my first question is on your yield impact. So, you mentioned that you have taken the majority of the impact in this quarter. And assuming there is not material change in the loan mix, there would still be a remaining impact of 50 basis point rate cut that happened in June, right? So, the yield may still be looking downwards. What would be your sense, assuming the loan mix does not change materially, how should one look at the overall yield?
Okay. And that you are saying that will be offset by the cost of deposit, which is likely to come down by 20, 25 basis points. And hence, the margin is more or less stabilizing?

Yes Bank Limited

Yes Bank Limited CC-Oct25.pdf · 2025-10-18
Sir, I also wanted to check the same thing. So , you have also mentioned or you have outlined the key areas where SMBC , you would plan to leverage their expertise, maybe transaction banking, maybe large corporate relationship. But given the fact they have a 100% subsidiary which does some of the Retail products that we may also be doing, it becomes clear, right, that you would want their expertise more on those areas that you have highlighted, Transaction Banking and Large Corporate relationships versus any incremental thing on the Retail side, right? Because that anyway, you have more or less the full bouquet of products and that part will remain as it is, right? Is that the understanding, correct?
And now, assuming no further rate action from RBI side, and any which way you have a tailwind of reducing RIDF, so what would be your best guess to achieve 1% ROA and maybe loan growth similar to system level on an overall book basis?