Stockrabit · Analysts
Questions across 15 calls

Jayant Kharote

Axis Capital

Punjab National Bank

Punjab National Bank CC-May26.pdf · 2026-05-05
Thank you sir. So, first question is on the LCR. What was the average LCR during the quarter? And what is our comfort for the next year at what levels do you want to run it?
Great. So the second question is in your guidance. I can see that you are building in NII growth of 7% despite the fact that you expect NIM s to be slightly better and credit growth of 12% to 13%, which means essentially you are running down your non -loan assets, right? It could be investment book or others, but your LCR doesn't have that headroom. So how do you plan to achieve that?

The Federal Bank Limited

The Federal Bank Limited CC-May26.pdf · 2026-04-29
Congrats on a great set of numbers. The first question is on the LCR disclosures. I see it's fallen below 120%. This is now almost like a 20%-point Y-o-Y decline, and it's been steadily moving down. What is your internal Board level threshold and what is your comfort level to operate at? The context of this question is as we are accelerating on growth, the ask from our CASA growth will probably move beyond 20% next year if this LCR lever is not to the same quantum?
115-120 is your comfort zone. Second question is with regards to your credit card book growth, it is moving quite differently from the industry, 23% Y -o-Y. What would be the growth in interest earning assets? Fair to assume the transactor growth will be much higher 30% - 35%?

Bandhan Bank Limited

Bandhan Bank Limited CC-May26.pdf · 2026-04-28
Thank you for the opportunity. So, first question is on the month of April, now that elections are almost closing in tomorrow. Anything that we should, I mean, I think this time, we didn't have any interruption, so to say, from collections. So fair to say the collection trends would have held up in -through the events of April as well?
Great, sir. Sir, second question is on the RBI ECL impact. I don't know if you already spoken in the past about this but given that the direct. I mean, the final guidelines are exactly as what the draft was, you would have had some time to calculate. So how would your steady state credit costs look like? I'm not concerned about the onetime impact. I'm asking about the steady state credit cost. And just a corollary to that question also, on your unsecured book, what is the standard asset provisioning that you currently do?

AU Small Finance Bank Limited

AU Small Finance Bank Limited CC-Apr26.pdf · 2026-04-27
Thank you for the opportunity. First of all, congratulations on a great set of numbers. First was on credit cost, we also have RBI ECL norms coming through as we speak. So any impact on steady -state credit cost for us given the Fincare book experience in recent years and since we are growing that book again? So in regard to that, the 90 bps guidance, how should that look with the new ECL guidelines?
It’s exactly the same. It’s exactly the same as draft.
AU Small Finance Bank Limited CC-Oct25.pdf · 2025-10-17
Congrats on a good set of numbers. The first question is on opex. For the first half, opex control has been pretty strong, even despite this 20% uptick in disbursement. So how should we now think about opex? So you're averaging around 4% of assets versus your usual past few years run rate of 4.3%, 4.4%. So heading into second half, how should we think of opex? And broader question, I see in your PPT, you outlined that even after a transition to the universal bank, you don't expect opex to jump in a meaningful way. So if you could help us understand what has changed in the thought process around opex? That is my first question. I'll follow up with the second one.
Great, sir. Sir, second question is around the loan mix. I see the commercial mix -- I mean, commercial loan growth has come off even ex EEFI, sorry, if I see real estate is of course pushing hard, but I see business banking also has not moved meaningfully. So what is the thought process? Is this one-off this quarter? How should we think now? Would you be using commercial book to calibrate your growth and margin mix going ahead? How should we think about this?

IDFC First Bank Limited

IDFC First Bank Limited CC-Apr26.pdf · 2026-04-25
My question is also similar to I think what Param was asking on the ROA for the next year. If I understand correctly at the se NIM levels and at 1.8% credit cost at 5.75% NIM, it adds up to maybe around 75-80bps, correct me if I'm wrong, which means we are expecting almost 20 basis points of operating leverage translating to ROA through the next year? But also simultaneously, that jaw is slightly slower, which it seems that our growth is now going to be around 20%, not 22% or 21%. And even if I keep touching this beyond 1 or 2 years, if 20% is the growth rate. Are these numbers sounding correct or am I off by anything, which means that you'll have to extract 20, 25 bps on operating leverage this year, Sudhanshu?
Actually, I was comparing with the 4Q number, Sudhanshu. 4Q credit cost and NIMs are better than what we are guiding for next full year credit cost and next full year NIM, right?
IDFC First Bank Limited CC-Jul25.pdf · 2025-07-26
This is a more qualitative question on credit growth. Very few of the banks have been able to manage this growth in 1Q. So I wanted to understand June, July trends and if there are any segments that you want to call out that can drive the recovery from 2Q onwards? And also general credit environment, are you seeing any stress buildup in any segment, which wasn't there in 4Q?
Sir, do you see increased competition? I mean, right now, the competition levels would be lower in unsecured credit, for example. Do you see that returning in Q2 and Q3? Should that have any effect? Or basically, I'm trying to understand what is not -- is it a demand issue? Is it a supply issue? Or is it just everybody waiting until the bureau scores point to a better macro numbers?

Union Bank of India

Yes Bank Limited

Yes Bank Limited CC-Jan26.pdf · 2026-01-17
Thank you for the opportunity. The first question is on the Retail disbursals. So I see it's slightly down Q-o-Q by around INR 300-odd crores. I was under the impression that given the Asset Quality trajectory, this should be moving up. I know it's not a sharp decline, but why this calibration over here? And how should we think about the next two, three quarters in the Retail disbursals? That's the first question, I'll come back with the second one.
Okay. So, second one is on CASA. Absolute number seems to be not going up meaningfully for the past couple of quarters. So, if you could also shed light over there, I know we've taken a lot of pricing actions. So again, when do we see that growth or uptick being meaningful on the absolute CASA balance?

RBL Bank Limited

RBL Bank Limited CC-Jan26.pdf · 2026-01-17
So 2 questions. One is on the cards business itself. While we do understand that you've taken corrective actions, but the quantum of slippages are -- or at least the provisioning seems to be continuing for much longer than the industry. And a few more quar ters, meaning a good 1/3 of the book is not growing. So even with that capital coming in, if a large part of the book doesn't accelerate, how do we see this business, not from next 2, 3 quarters, but next 2-year perspective? And when do we really start the issuance rate to go back to the earlier levels? That is number one. And specifically, I want to understand why RBL card portfolio lagging the industry over here? I'll come back with the second question.
Understood. We've very clear actually, 10% to 15% of the book is very clear. And like you said, you're not targeting the 2.5 lakh. So just to add on the asset quality, how many more quarters do you think you'll need for the cards book to stabilize on asset quality?
RBL Bank Limited CC-Dec25.pdf · 2026-01-17
So 2 questions. One is on the cards business itself. While we do understand that you've taken corrective actions, but the quantum of slippages are -- or at least the provisioning seems to be continuing for much longer than the industry. And a few more quar ters, meaning a good 1/3 of the book is not growing. So even with that capital coming in, if a large part of the book doesn't accelerate, how do we see this business, not from next 2, 3 quarters, but next 2-year perspective? And when do we really start the issuance rate to go back to the earlier levels? That is number one. And specifically, I want to understand why RBL card portfolio lagging the industry over here? I'll come back with the second question.
Understood. We've very clear actually, 10% to 15% of the book is very clear. And like you said, you're not targeting the 2.5 lakh. So just to add on the asset quality, how many more quarters do you think you'll need for the cards book to stabilize on asset quality?

HDFC Bank Limited

HDFC Bank Limited CC-Jan26.pdf · 2026-01-17
Thanks for the opportunity. Sir, one question is on your loan growth broad guidance of above system next year. Sir, I just wanted to understand when we are saying we'll grow above the system, what is our range of assumption for system growth? Because we are seeing some acceleration in the system growth itself where we are moving from this 11 to 13 band to maybe closer to 13, 15. If we were to move in that band, would we have accounted for that kind of system growth and we say we can grow above that pace?
Great, sir. I think this answers you're working with the 12 to 13 range at least. Second part is, on a broader 3-year or 4-year question. We have seen products like mortgage getting a lot of competitive intensity. PSU banks being well capitalized are probably being more aggressive in vehicle, increasingly auto. Do you see this competitive intensity eroding profitability for the larger players over the next probably 3 years, not a 6-month or 12-month question?

Kotak Mahindra Bank Limited

Kotak Mahindra Bank Limited CC-Oct25.pdf · 2025-10-25
Thank you for the opportunity, sir. The question is on the asset mix. Now, we have almost 300 bps below what was the unsecured mix, say, 4 -5 quarters before. The direct question is, how many quarters away are we from the unsecured share in overall mix starting to rise, not stabilize, not go down, but to start increasing, which means these products put together start outgrowing the rest of the book? That is the question? Page | 23
Yes, sorry about that. Just a follow-up to that is, you earlier mentioned that MFI is where the next quarter looks better and PL, you are anyway stable. It is the credit card piece, which is keeping you a little bit away to buy it right now. Is that a clear understanding?

IndusInd Bank Limited

IndusInd Bank Limited CC-Sep25.pdf · 2025-10-18
Thank you for the opportunity. Just one bookkeeping question. The microloan book is down 25% Qo Q, that is almost like Rs.7,000 crores. Could this help us understand the flow, what got repaid, what has slipped among the set of numbers for the movement? That is my first question.
Understood. If I understand the disbursements over here, how should we think about that over the next two quarters, because since the repayments amounts are going to be large, where do you assume this book comes off sharply now?