You transparently laid out all the SME -related issues. And I guess you were the first to flag it off even in the first quarter. But most other lenders don't seem to be flagging any issue. So you would say it's a ticket size issue or it's something that the sector will eventually have to catch up with?
Questions across 3 calls
Marukh Adajaniya
Nuvama Wealth
Bajaj Finance Limited
LIC Housing Finance Limited
I have 2 questions. Firstly, that on many bank calls, basically, what we understand is that now they are lending at around 8.9%, 8.8% to their prime customers. And we also hear that PSU banks are lending at 8.5%, 8.6% to similar profile of customers. So where would you figure, like would you offer 8.5%, 8.6% to your very prime customers? Or where are you benchmarked in retail?
Yes. No, I have others as well, sir. So my other question is basically -- that's one. Second is that, see if repo rate is cut today, right, then what proportion of your book -- outstanding book, incremental, I know, but outstanding book would reprice at the end of the month or the beginning of the next month? Because I know you would have some benchmark rates that will change with the repo, but what is the lead lag, right, because for banks, it's almost immediate. So I just wanted to understand that better also. And sir if you comment on growth, when will it -- when do you think -- based on your expectations of disbursals over the next few quarters, when do you think we can see a double-digit growth? If not an overall then at least in retail.
Mahindra & Mahindra Financial Services Limited
Hi, good evening. S o I just wanted to focus a bit on the NPLs this quarter. You attributed them largely to tractors, but one other NBFC was quite upbeat about rural demand and tractors. So is it a state wide issue? Are you already seeing green shoots in tractors because they were very upbeat about rains and how that really helped their business? And that call was just two days ago. So I just wanted to delve a bit into that. And then basically, growth has been slowed -- disbursal growth has been slow because of slowdown in demand or it's a cautious -- conscious decision? And also is there any spill over of MFI stress into your segments like maybe some of the family members also being MFI borrowers? Any such linkage that you may have found or you would - - you can guide us to?
Got it. Thank you.