So I have a couple of questions. The first question is on the Tourism margin. I mean we see a drop again in the fourth quarter. And the margin has kind of been pretty volatile one earlier in the year. It was because of the haulage charges. So now can you explain what is the sustainable level of margin in the Tourism segment.
And any particular reason why it dropped to 5.9% in the fourth quarter?
Hi. Good evening. I have a slightly…
Yes. Hi. My question is slightly long term. As you rightly alluded to the build -up phase of the bank, and we are in the 7th year. So given that there's a build -up phase, given that there's slight change in your strategy now in favour of the high yielding book throu gh the acquisition of the small finance bank, which is predominantly into unsecured. Given this entire context, how should we look at ROA trajectory in the next three years for the bank?
Hi. I have two questions. You explained the reason for the higher corporate slippage. But anything that you want to call out on the retail slippage, which is also sequentially a tad higher?
I have a slightly long -term question which is more for the banking sector and also definitely relevant for your bank. As we see now that this deposit growth and deposit cost problem is getting more structural. I mean banks are really competing with the cap ital markets to get that saving and there is a definite struggle out there. Should this continue, banks will either have to compromise a bit on the margin or if they are not willing to compromise on the margins, it will result in higher credit costs, and in any case, this scenario points to higher cost -to-income ratio as banks are growing for branch expansion, etcetera, etcetera, to garner that deposit, which means structurally, there is going to be a pressure on ROA. Do you think this scenario could play out? And in that case, where do you see your ROA settling maybe in two years down the line?