Hey, thanks for taking my question. Maybe you touched upon this already, but you know, in terms of cost of funding, you know, what is the difference between incremental and average cost of funds?
And in terms of your bucket, you know, what could be, I mean, if I have to just take a normalized bucket, how could that cost look like?
Hi. Just looking at the trends in fee and assignment income, I mean both the line items , for last 2 years we have been sort of consistently ahead of the overall loan growth. So how should one think about it? Would we kind of continue to sort of see acceleration in these two line items?
Sure. Just on fee income actually some has sort of shown that acceleration versus loan growth?
Just going back to the first question, which is the impact of operating assumptions. You mentioned that this 2.8% includes persistency, expenses and GST. Is it possible for you to give us some colour in terms of how this breaks up?
Because GST is a, so to say, one-off event, which can probably be neutralized over time. And hence, if we kind of set that aside, we were just curious to understand as to how the ongoing business is moving. So, if you could give any colour on that, that would be useful.
First on the life side, there has been a fairly strong and impressive growth in the institutional business. If you could give some color and texture in terms of which are these partners, whether it is addition of some new partners or is it faster growth with the existing one s, what has contributed to this growth? Secondly, I think on the agency side, after multiple quarters, we are able to see some positive growth there. So, is it fair to say that now we have bottomed out? I have some more questions, but this is on the life side.
That is perfect. And just extending from here in terms of product mix, is it fair to say that agency will probably be more traditional and protection-heavy, and the institutions will be ULIP heavy? I think that is a trend we have seen in some of your other peers.
This is Nischint from Kotak Securities. I just wanted to ask Aseem, if he'll be associated with SBFC in any specific role hereinafter?
Hi, I have a simple question. When you say that your conversations with distributors are going on with respect to the GST input tax credit deficit, what do you really mean? Does it mean that next quarter, supposing you kind of get into more favorable conversation, then some of the ITC provision that you have made this quarter kind of reverses or what happens to the business that has been done till date?
So, when you say that there is going to be maybe some revision in commissions from October 1, then you obviously made some assumptions on commissions for the business in last three months, right? So, that kind of completely gets reset in the 4th Quarter. Is that how we should think about it?
Hi, thanks for taking my question. This is just a follow up. You mentioned that your incremental cost of funds is 60 bps lower and incremental spread is around 25 bps lower. Does it mean that incremental lending rate is around 100 bps lower than the book rate?
So, your incremental spreads are technically better than the book spread?
Thanks for t aking my question. This 0.66% of OPD, telemedicine, etc., does this also include claims management expenses?
Does this also include claims management expenses?
Just two questions. One is, what is the GNPL as per RBI norms?
5.5%. Okay, 4% versus 5.5%. Okay. The other is on the SME loans. Raul, you kind of mentioned that you're moving from larger tickets to smaller tickets. Maybe if you could just elaborate that what exactly is the change in strategy and what's driving it?