Hi, team. Congrats on the quarter. Just firstly, on getting back to OPEX, I think two quarter back we had highlighted that this year we are going to do advertising spends and credit would pick up. So, OPEX would pick up. But OPEX has actually remained quite low. Is that merely a function of credit cards not having picked up or is there more than that?
Can you quantify that?
Yes. Hi, team. Thanks for taking my question and congrats on the quarter. Just firstly on SA, I wanted to understand sort of movement. So, our opening balance was about 1.3 lakh crore and close at 1.28. But the average is more like 1.24. So, was it that we had some quarter end flows in the March quarter which impacted it or did we see some outflows when we cut SA rates during the quarter? How do I just reconcile this phenomenally?
Sorry. Maybe I miscommunicated. I am not referring to the mix or the cost of SA. I am just saying that the total SA balance as of 31st March was Rs. 1.32 lakh crore. And as of 30th June was Rs. 1.28 lakh crore. One would broadly assume the average to be 130. But the quarterly average is more like 124. Maybe I am overanalysing, but just wanted to understand if there was any…?
Hi, team. Congrats on the quarter. Actually, most of my questions are just follow -ups on previous questions. Firstly, for what Kunal asked about cost of SA deposits, from the 3.79, do we assume it goes down to 3 or do we just assume it goes down 25 bps quarter-on-quarter?
Understood. Okay. That's pretty clear now. Secondly, again, just following up on Param's question, the 1% NII growth, but NIM being up. Now, we get that there is this number of days effect other banks have also mentioned it. But if I look last year, right, our NIM was up 6 bps Q-o-Q, but we still had a good 5%- 6% NII growth Q-o-Q with about 5%-6% advances growth or customer assets growth.
Okay. Yes, I was saying I just have two clarification questions and then two proper questions. So firstly, on the clarification, this INR30 crores stamp duty expense has come in other opex?
No. So which provision line item is the question?
Okay. Yes, I was saying I just have two clarification questions and then two proper questions. So firstly, on the clarification, this INR30 crores stamp duty expense has come in other opex?
No. So which provision line item is the question?
Sir, congrats on the quarter. Just going back to Mahrukh's question on NIM, can we see maybe 5 to 10 bps per quarter NIM improvement for next 2 quarters?
Okay. So at least 15 over 2 quarters cumulatively?
Yes. Hi, sir. Congratulations on the quarter.
Sir, last year, our slippages in MSME were Rs.638 crores and now it is Rs.966 crores and it has been above Rs.900 crores for the last two quarters , i t is on an increasing trend. So, what exactly is happening on the ground?
Hi, sir. Congrats on the quarter. Just a couple of questions. You mentioned that Rs. 1,300 crore SR. You mentioned some break up, Rs 458 crores and Rs. 863 crores. Can you just once again repeat what is 458 and what is 863?
That I got, which is Rs. 182 crores. But you have two numbers, Rs. 458 crores or Rs. 863 crores? I think one went into other income and one went into, I think 863 went into…
Hi, team and congrats Rajiv and Viral on your new role. Just firstly, in this quarter, can you comment on, a), quantify what are the slippages in MFI? And b), just comment on CV CE slippages also?
Okay. And what was CV last quarter if you do not mind?
So the Rs.3,500 crores of microfinance slippages, just wanted to understand, did that slip in the quarter? Or had it slipped earlier, but you've recorded it now because of some recording lapse earlier or internal control lapse?
Got it. Okay. This is clear, Indrajit. And just secondly, what is the strategy now in this business? Like given what all has happened, one is the environment and second is internal controls, accounting, et cetera. Is it fair to say that we continue to degr ow this book?
Congrats on the quarter. Just firstly, 1 clarification. Prince, you mentioned LGD in vehicle is -- I didn't hear it correctly, but did you say 35% to 40%?
Okay. Understood. Fair enough. Okay. Just coming from my questions. Firstly, given that your mix of loans has changed in the last 1.5, 2 years, first, you got the MFI book, now you've run it down, and we've seen this whole cycle play out. At what level wou ld your gross slippage ratio sort of stabilize? Because obviously, currently also while it's improved, I don't think this is a steady- state number, INR900 crores a quarter. So what should we assume as a steady -state number?
Congrats on the quarter. I just had one question on repo pass-through. So, let's say, the repo rate was cut on 7th or 8th June, when does that pass-through happen on your EBLR book?
No, no. Okay. But does it happen, say, after 3 months or gradually within 3 months.
Congrats on the quarter. Most of my questions are answered. I just have a couple of small ones. Firstly, in MFI, what was the write-off we did this quarter versus last quarter?
Okay. Okay. Fair enough. And secondly, our CASA ratio of 46%, 47%, what's the mix of CA and SA?
Congrats on the quarter. Actually, my question was kind of answered you’re here, where you mentioned that it's more to do with economic slowdown. But just to get more clarity on unsecured business loans, are these -- how do I think about leverage at that promoter level? Because you might have taken a business loan from you but a personal loan from some bank, etc. How do you think about that? And like any statistics you can share there?
Okay. Okay, sir. Fair enough. And also on the B2C side, earlier we used to share metrics on what percentage of the portfolio has 3 or more lenders. I believe it used to be 7% - 8%, sorry.
Yes. Hi, team. Congrats on the quarter. And thanks for taking my question. Just a follow -up or maybe it's been partially discussed, so firstly the gap between our medium-term growth of 25%, and say near term of 20-21, how much of that is attributed to just a weaker real estate sector?
But then that, Atul, leads me to the question, what will change in 6 months? Because when we say by third quarter everything will be okay.
Yes. Hi, team. Congrats on the quarter. And thanks for taking my question. Just a follow -up or maybe it's been partially discussed, so firstly the gap between our medium-term growth of 25%, and say near term of 20-21, how much of that is attributed to just a weaker real estate sector?
But then that, Atul, leads me to the question, what will change in 6 months? Because when we say by third quarter everything will be okay.
Yes, hi, team. Congrats on the quarter. Most of my questions are answered, just a couple of follow-ups. Firstly, on credit cards, any commentary on early delinquency trends? Why are the slippages remaining high? And is it an issue intrinsic to us or is this more a credit card industry issue not improving?
Okay. So, H2 is closer to normal I take it then in credit card slippages? Or just improving , but yet above normal?
So just a few questions and firstly, congrats on the quarter. Our agri slippages have been inching up for the past few quarters. Anything to read into this? That's question number one. The second is just a reiteration or just getting back to Mahrukh's question, on loan growth outlook, are we saying that it picks up from this 12%, 13% or 14% level currently in over the next 2, 3 quarters? Or are we refraining from giving any guidance? And third, if you could give us the average CASA ratio for the quarter and the prior quarter, that would be useful.
Yes, exactly, which is what the question is...
Congrats on the quarter in these turbulent times. Just a few questions. Firstly, on interest reversal, what was the interest reversal this quarter versus a similar number in 4QFY24?
Interest reversal, Rajeev, for the quarter.
Yes, thanks for taking my question and congrats on the quarter. Firstly, just a clarification on one of the previous questions. You had mentioned 12% to 15% growth for some segment. Was that used commercial vehicles?
But sir, my question here then is, if the new CV sales are weak, will that impact used CV sales because typically people exchange their truck. So they will buy a new truck and they will sell that old truck. But if they are not going to buy a new truck, they will not sell their old truck. So how does that work? Let's assume a new CV sales don't grow. This is just an assumption. How will that play out?