Sir, my first question is on margins. It has already surpassed your guidance and it has been very strong for the last two quarters , and the growth in interest expenses is also on the lower side. So , how do we look at margins from hear on? I know that an increase in the liquidity cover was mentioned earlier, but just in terms of margins, what range of margins do we now look at?
So, you can hold it here with changing mix even though cost will rise or -?
Sir, I just wanted to discuss more on credit costs. Basically, it's a general rise in delinquencies in the system; it's no particular cohort. And why would you think this is happening? Is it because of the seasoning? Is it because of inflation? What do you think? Or is it just because of aggressive lending by the sector, which affects all players then?
Yes, hello ma'am. Ma'am, my first question is on the wage provision. So, you have been providing at around INR 110 crores per month. I don't know if it's INR 105 crores or INR 110 crores, but somewhere around there. So, what has that increased to ? And whatever catch up provision you made during the quarter, does that also include any catch up on pensions from the new wage hike? Also, just in terms of wage provision again, you know, the increased Q oQ in wages is only 2 billion. So, has there been some additional provision and then some write back also?
So, that's for the first 11 months differential you've provided that way?
Yes, hello. Hi. My question is in general, a discussion on LDRs, because the presentation has talked about -- you just mentioned the deposit challenge. And then there are talks from some banks that RBI is monitoring LDRs more closely than it was earlier. So how do I view this in the context of Kotak, especially in FY'25? Because if you take the third quarter, say third quarter loans grew 3.3%. If you take like an annualization of 3.5, then you're talking about maybe 14% -15% loan growth. Is that the kind of loan growth that the bank will settle for or is there scope for LDRs to move higher? How does it pan out from here? Is there any guidance or any rough target that you could give on where LDRs should settle in FY'25?
Okay. So, we can still see high-teens growth next year?
Hello. Sir, I have three questions. My first question is on deposits. You did mention rising deposit costs, but there is a lot of talk about RBI being worried about loan-to-deposit ratios and having discussions with individual banks. And then in general, November, December was very tight for deposit taking with CD rates also moving up. So where do you see your LDR and in general deposit growth settling in FY'24 end and FY'25? And what will be the impact on loan growth because of that and on margin? Because it's tighter than what we had expected even in the second quarter. So plus all the talks about RBI.
Got it. But that would mean that deposit rates would rise from here, correct?
Sir, so this time on a sequential basis, the AUM growth is only 2% Q-o-Q. So any comments on outlook for the next few quarters? And why it looks a bit subdued compared to banks who have grown their gold loans aggressively?
Okay, sir. And my last question is on margins. So what would the outlook be because margins have declined sequentially in the second quarter. So where do you see the cost of funds and yield both settle? And what explains the kind of pressure on yields this quarter?
My first question is on your collection efficiency. You've always delivered well on collection and you seem very confident that the customers in ar rears will improve from here on as well. So , what gives you the confidence because your collection infrastructures always been strong , is it that their business environment is improving or that your collection efforts have intensified further?
So, as the business environment is improving, which is why you’re confident of holding credit costs here, is it, or because there has been strong growth post -COVID, so as the portfolio seasons, do we see inching up of credit cost or it’s going to stay at these levels?
Sir in your total AUM, what would be the dealer advances because I guess that would be interest free, right? Or they would not earn interest. So in the second quarter...
Got it, sir. And sir, so the lending hikes, the lending rate hike that you are talking about, they'll actually show their impact on NII in the fourth quarter, right? Or will we see it in the third quarter as well because borrowing costs, as you said, are sticky?
Good afternoon sir. Sir, my question is on the DPD book of micro. Now if you see last quarter's SMA book, then this quarter slippage is around 65% of that book, Total SMA. Now we are left with an SMA of around INR 22-23 billion. If you assume the same run rate of slippage, then would you again have a s lippage of around INR10 bil lion or INR11 billion even in the next quarter or will recoveries improve materially? How do you view it?
Got it. So, any run rate of slippage for second half percentage terms or any such things that, if at all, it's possible to guide?
My first question is on margins. So of course, you've explained that is the ICRR and the excess liquidity on Limited book. But would there be any other adjustments in the NII while moving Classification - Internal from Ind AS to Ind GAAP for HDFC. Like for instance, HDFC's NII in Q2 FY'23 was around 45 billion, 46 billion, right? So, would that be restated significantly under Ind GAAP?
Correct. But most of the margin decline from pro forma 3.7 to 3.4 is largely excess liquidity and ICRR or...?