Hi, good evening, sir. And thanks for taking up my question. So, I have two questions. Firstly, in our sourcing mix, is there any contribution of DSA? If any?
So, it will be fair to say that it is sub 5% or?
Questions across 21 calls
Mona Khetan
Dolat Capital
Aavas Financiers Limited
Hi Sir, good evening. I have this question on the opex front. You mentioned about the ESOP cost reversal, which has helped lower the cost-to-assets over the last two quarters. So, is this one -off fully accounted for, or we will see some more benefits from ESOP cost reversal coming in the subsequent quarters instead?
Got it. So, for this fiscal, is it fair to say that the improvement in opex-to-assets will be higher than, what we are sort of guiding for of 20 to 25 bps given this 30- bps improvement, even ex-of the ESOP impact?
Yes. Hi, sir. Two clarifications from my side. On the cost of borrowing, if I have to look at the bank borrowing have the incremental rates changed versus last quarter? You mentioned about the incremental borrowings but how about banks?
Okay. And what was the same last quarter?
Muthoot Finance Limited
Congratulations on a strong quarter. So just back on the...
Any better?
So, firstly, just referring to the ARC sale we had last quarter , so you had mentioned about 200 crores to 300 crores of recovery during Q3 itself when the last call happened. So, where does it reflect in the P&L?
So, the recoveries that you had will now be reflected in interest income as...
So I have this question on the yields. So essentially, at a previous call, you had indicated that with rise in cost of funds, you will eventually have high yields as well? Or rather you will pass on some of the interest rate hikes to customers. So have you seen anything? And could you give some color to the extent of lending rate hike, if anything?
Okay. So there is nothing in the pipeline in terms of rising because H1, we have seen about 45 bps rise in lending rates -- sorry, cost of funds.
City Union Bank Limited
Yes. Hi, sir. Good evening and congratulations on a good set of numbers. So, firstly, on the margin front, so of the 100 bps of repo cut that has happened, how much is reflected in the yield reduction currently or how much is factored in the margin?
Right. So, of the 100 bps, is the first 50 bps fully reflected and the next 50 bps yet to reflect in the yield in the subsequent quarter?
Yes. Hi, sir, good evening and congratulations on a good quarter. So firstly, on the EBLR loans, what is the reset date that we have? What is the frequency of reset?
So from the time the repo rate cut happens in what period does the reset of yields happen?
So firstly, on this digital process, just wanted to double check. So essentially, all our MSME loans today up to INR5 crores are digitally dispersed with TAT at 48 hours or thereabout?
Got it. And secondly, on the margins. So last year if you look at the overall margins at 3.6% it's way lower than what we have seen historically. And here on while we are expecting asset quality to largely normalize which means that the impact of interest reversals may not be there. I mean do you still expect that margins will remain at current levels? Does that imply our overall yields are settling at much lower levels versus historically?
Aptus Value Housing Finance India Limited
So two questions, two, three questions from my side. Firstly, you've always maintained the BT- Out rate of about 2.5x of own money coming in, right? So I'm guessing the number is similar, correct?
The BT balance transfers, yes. So the question is, is there any geography specific in terms bias in terms of it coming from Tier 1 cities or -- and also where does it go? So both whom does it go to in terms of which financier and also where in terms of Tie r 1, Tier 2, where does these transfers typically go to? Yes.
So in your PPT, you have given this time the average ticket size in housing book, it's about INR9.2 lakhs. So this is the incremental average ticket size, right? At the portfolio level, it should be a tad lower. Is that a fair understanding?
Sure. And when it comes your bank borrowings, what is -- what share is fixed rate bank borrowings? If I'm correct, you do borrow at fixed rate from banks. And what is the typical tenure in those borrowings?
So, a couple of questions from my side. Firstly, on the opex bit. So if you look at for 9 months, the opex ratio cost to assets has come down to almost 10 bps versus last year. So with productivity coming in, do we expect cost -to-income settling at lower levels? Or this could be just a temporary blip?
Got it. And I understand some of the recovery from write -offs are going to other income. And therefore, the reported credit cost of provisions are a tad higher. So where is our credit cost likely to settle at from a guidance perspective going forward...
Sir, just a few clarifications. So, firstly, if you could share the breakup of AUM based on ticket size, that is sub Rs. 5 lakhs, between Rs. 5 lakhs to Rs. 25 lakhs, and above Rs. 25 lakhs?
Secondly, if you could share the incremental cost of funds during the quarter, both for the NB FC and the HFC?
RBL Bank Limited
So my question is on the margin front, you mentioned a couple of things that impacted the yields. So, if I heard it right, did you mention that the M FI and credit card yields have sort of come down on a steady state basis?
Okay. Because the mix has come down.
Sir, just one query on the collection efficiency. So the 98% number that we see for December, does it include both standard and delinquent book or just the standard portfolio? Yes.
Sorry, this is just the current book?
So firstly, if I look at the MFI book, delinquencies have been higher versus last quarter, be it the early bucket, be it the 90-plus. So if you could just throw some light there?
Sure. But just to put things together, so when I look at industry, the deterioration is not significant or it's very limited versus -- related to yours. So what's different in your case that resulted in such higher delinquency?
Home First Finance Company India Limited
Firstly, was there any element of recovery from written off this quarter because I see that the net write-offs are higher and yet credit cost is low.
Okay. And just on the co -lending business, I wanted to understand if it is RO A accretive. And given that the yields are lower than the overall portfolio yields, where is the accretion coming in the P&L? If you could throw some light there? Or is it more like a volume business?
The Federal Bank Limited
So firstly, you mentioned about this ROA expansion continuation that 4 to 5 bps in FY'25 as well. So given that credit cost will idly normalize at higher levels and there could be some headwinds to margin with interest rates may be declining and the impact on floating rate loans. So what accordingly to you would be the key levers with the assumed expansion here on?
Okay. And sorry, you guided for credit cost of around 30 bps for FY'25 if I got it right?
Manappuram Finance Limited
Yes. So firstly, I wanted to understand this rise in NPAs across many of your portfolios, including home loans or MSME book. Could you give some colour on this? What has led to the sharp rise across, even Vehicle for that matter , these books are g rowing very fast and the NPAs are on the rise on a sequential basis.
And how about the home loan book? The NPAs are higher by about 90 bps during the quarter.
IIFL Finance Limited
Yes. Hi, sir. Good afternoon and thanks for taking up my question. So, firstly, I just want to touch upon the gold yield. We have seen a continuous rise in gold yield, especially over the last two quarters. So, what is driving that and do these yields include the entire AUM or are calculated only on an onbook basis?
Okay. So, what is a little contradicting is, on one side, you are seeing the average ticket size increasing and on the other side, typically when the ticket size is increasing, your yield should come down, but that's also increasing. So, just wanted to understand that.