Thank you, and good afternoon to all, and thank you all for joining this con call. And I'm happy to share that we have seen yet another good year for the bank despite whatever, I should say, challenges, geopolitical uncertainties and a real war for deposit s also. But bank has typically shared 18 to 19 parameters for which the guidance was shared at the beginning of the year. We have done this last year also. And I'm happy to share that all the guidance numbers across the growth parameters, across the asset quality, across the profitability metrics, across the capital adequacy, efficiency ratios, we have been able to meet all the guidance and at some of the pla ces with a decent margin above the guidance that was shared in the beginning of the year. To just quickly -- the high-level pointers. Total business this year has grown at the rate of 17% and within which advances grew at 22%. Total deposits grew at 14%, within which our focus, which had always remained on CASA, CASA grew at a double -digit 12%. And our CASA ratio also was maintained above the 50%. We closed the year with 52.51% CASA. Term deposit also saw growth of 16%. The asset side, the RAM had good growth, within which retail was growing at 32%. The major focus products that supported this growth. Home loans grew at 29%. Vehicle and gold, which were marked as focused products to grow for this year grew at Y -o-Y 56% and Y -o-Y 53%, respectively. Agriculture and MSME portfolios also saw a double -digit growth. MSME grew at 11%. Agri grew at 13%. While we've been doing both these portfolios at 15% to 16%, but we had initiated a conscious strategic part on our side to do a rebalancing in the portfolio. And while in the first -- Q1, Q2, you would have seen that the growth had gone down to single digit -- low single digit, I would say, but we've closed the year with double -digit growth, and the process to grow quality agri and MSME has onboarded new fresh business in that segment in that portfolio, is going on for this year. It will continue also. And we will soon regain our 15% to 16% retail and agri -- sorry, agri and MSME growth in the bank. Corporate also, we have been able to find areas which we mark as bullish areas for the bank to go. Sectors like green, clean energy, renewable sector, we have funded in a major way. And we have done infra loans. We have done data centers. We have done a lo t of areas where there is a lot of emphasis and support system, which is coming from the government of India and where we are seeing that huge scope and potential to grow is there not only for the current FY, but for the years to come. So we had marked these sectors as bullish sectors. And through our quick acquisition, quick disposal, we have even grown our corporate book Y-o-Y at 22%. RAM corporate share was within the guidance. It was 63% in favor of RAM, 37% was corporate. The asset quality has also been contained well -- maintained well, and there is improvement in both GNPA and NNPA, where we have seen improvement both in absolute terms and percentage terms as well. The gross NPA has reached -- percentage come down to 1.45% with a 29 bps improvement year -on- year. Net NPA came down to 0.13%, 5 bps year -on-year. And both were well within the guidance number. Recovery in the bank this year also had seen a good performance and within which our write- off recovery book, which is almost marked as a focus area to perform, around INR20,000 crores -- INR21,000 crores of write -off book, and we had planned that annually, we should be recovering between INR1,200 crores to INR1,500 crores for the next 5 years. And the band, which was kept a big band because out of INR25,000 crores -- INR20,000 crores, around INR7,500 crores were in NCLT where bank would do a process. But at times, you're not very sure whether the recovery will fall in a particular quarter or it may slip to the other because of the some delays that may happen in the NCLT. So we had a band of INR1,200 crores to INR1,500 crores, but I'm happy to share that for the last 2 years, a lot of traction is seen. Last year, against FY22 number of INR600-odd crores of recovery in written -off book, we did INR1,375 crores. This year, we have even surpassed that number. It is INR1,423 crores of recovery in the write-off book. So I think our strategy is playing well. We are able to see resolutions and recovery in the write-off book. And we will continue to focus this segment. We have a big, I would say, gold mine where we -- if we are resolving, we are contributing also to the OP of the bank. The stress has been well managed. The overall stress saw an improvement of 49 bps. It has come down to 2.93%, within which SMA -1 plus 2 is 1.39%, which also improved by 61 bps. As a result of this fresh growth and growth where we have not mindlessly grown the top line but have remained conscious about the bottom line -- for every transaction level, we have been very consciously doing that. Our profitability also has grown in a very favorable way, I would say. OP, operating profit, INR10,826 crores, grew Y -o-Y at 16%. Net profit with INR7,019 crores, grew Y -o-Y at 27%. The profitability metrics of ROA, ROE, NIM, they also were well above our guidance that we shared beginning of the year. Against a NIM guidance of 3.75% at the beginning of the year, we closed the year with a NIM of 3.91%. If I have to share Q1, Q2, Q3, Q4. Q1, the NIM was 3.95%. It went down to 3.85%, 10 bps in quarter 2. We have seen improvement thereafter, which I have been sharing, that probably the third and the fourth quarter, we will see no further contraction. We may see an improvement in our NIM, and that's -- despite the rate cuts during the FY, we have seen that we have regained our NIM at 3.95%. Quarter 4 stand-alone NIM was 3.95%. Full year NIM was 3.91%. Our guidance has been 3.75%. ROA, quarter 4, 1.97%, so barely touching the 2%. But for the full year, our ROA has been 1.86 against the guidance of 1.75. Seeing this good traction, while I will share also the guidance number of important parameters, we are ready with those guidance numbers. But I can share, for ROA, we have upped our guidance over the last year. We have said that guidance for this year ROA will be 1.80. Going over to the ROE. Q4 ROE, 26.61%. Full year ROE is 23.19%. Our net interest income also has grown handsomely, 17% Y-o-Y growth. We have contained our cost to income below our guidance of 40%, and it closed with 37.08%. Yield on advances has been mainta ined at 9.05%. Cost of funds and cost of deposits both have seen a reduction. Cost of funds at 4.15%, has reduced 7 bps year -on-year. Cost of deposits has improved by 14 bps year-on-year at 4.52%. Capital adequacy, we are adequately capitalized. And with this full year profitability now also added, CET1 is standing at 14.59%. CRAR is at 18.36%. Government of India Holding during the FY, with the OFS issuance by Government of India, has come below th e 75%. We are an MPS compliant bank now. And Government of India Holding stands at 73.60%. Participation from FIIs and DIIs have gradually been increasing over the past 2 years, and we have been very, very particular about our engagements with the investors, both foreign and domestic. Just to give you a number, the FII shareholding has gone up f rom 0.39% in 2023 to 5.8%. Likewise, DII, excluding the LIC and the bank treasuries, has gone up from 0.24% to 6.86%. I think I will take a pause. These are the broad numbers. The presentations are shared with you. I will take a pause to take questions. And while we go ahead with those, maybe give some more additional inputs from our side.
So Ajmeraji, you're right when you're saying that there is a crisis ahead of us, but we also know that we are yet to see the end of the crisis. It will be very difficult to say what will be the full impact because if this kind of crisis will stretch and if it will prolong, we would see more pain coming in, is what the sense tells us. But we are very closely monitoring, watching the developments, and I'm sure at the highest level in the government and the regulator, their engagements are on to see how things pan. And at the bank level, I would say that if you -- since you mentioned about the MSME portfolio, so far, March, there is no element of stress or sign of any worry. In fact, my MSME NPA number has actually come down, has come down to 1.54%, which is an improvement. But having said that, yes, with headwinds like Brent crude more than $115, anything above $100 will bring pain. We may see inflation if this is getting prolonged for long. We all understand the rupee-dollar and how the currency depreciated will have its own impact. So we are watching it very closely. And you're also right to say that March will not be where the impact. We may see the impact in -- not Q1. By Q2, you will see the fallout of the West Asia crisis. But as I again said, we are still to see the end. So we can only hope that the crisis resolve s and what damage must have happened, the impact , how fast it can be replaced is also needs to be seen. So you may see in following quarters, the impact of the damage, which has happened, it is not that the war ends and everything goes back -- appears normal because something gets disturbed, the crude supply where some actions are there, it hit. So to replace those damages will take time. And so one may see, but we'll need to watch, and we are completely mindful of the impact.