Pranav Gupta

Sir, the first question is on the DPD movement and the trends that we've seen this quarter. Based on the collections that we've seen in July, how do you think about the D1C1 collection efficiency and flow forward from 0 DPD? Has that stabilized? Will we probably see another couple of quarters of further downward movement before it stabilizes? How should one think of that? Broadly talking on the D1C1 bucket?

Right, right. And just a follow-up on this. You mentioned one could see much higher recoveries coming in from the NPA bucket. Is it safe to also assume that given that we've put in a lot more people in collections on the DPD buckets, you'll see pullbacks c oming in from this quarter or maybe that is something that we sort of start expecting from next quarter onwards?

No, absolutely. That's very clear. The second question is on the opex bit. Obviously, this quarter, we saw the cost ratios inch up a little bit purely because of business being slightly on the slower side. But over a 2-, 3-year perspective, how should one think about cost to average AUM or cost to average assets incrementally?