Aavas Financiers Limited CC-Sep23.pdf · 2023-10-27
Congrats for the good set of numbers. My first question is on employee cost. So we have witnessed low employee cost this quarter. Any specific reason for that? And what share of the reduction can be attributed to the employee count? Can you please also let us know what is the employee count this quarter? This is my first question. My second question is whether the reduction in the employee count is temporary or it’s something structural, which is led by the technology implementation? Yes. Those were the two questions for me.
So okay, the trend would continue. Okay. And my second question is on your yield. So you have reported a 10 bps of decline this quarter. Is it due to the low rates on the new loans or a reduction in the loan rate of the existing customers?