Questions across 2 calls

Pratik Chheda

Guardian Capital Partners

The Federal Bank Limited

The Federal Bank Limited CC-Jun24.pdf · 2024-07-24

Yes, hi. Thanks for taking my question. Sir, I have a question on the gold loan yields. So if I look at the gold loan yields, it has been coming off past six, seven quarters on a consistent basis, and now it is sort of below 10%. So I just want to understand what is the reason. Is it -- are you lending to higher ticket sizes in gold loans or is there any specific other reason? And I mean, I understand, obviously, NBFC is a way ahead in terms of yields, but even the -- even if you look at some other banks, mid-size and larger banks, even they are slightly ahead on in terms of gold loan yield. So what is the reason for such a decline in these numbers?

Sure. So what I'm understanding is the direction, at least, this is bottomed out and the direction is on the upper side going forward.

Manappuram Finance Limited

Manappuram Finance Limited CC-Mar24.pdf · 2024-05-24

I just want to continue on the asset quality point. Even if I see the MSME segment, the GNPAs have risen from around 1.5% in last year to around 2.8% despite the more than 50% AUM increase. And you've mentioned that most of it is looking like it is coming from a digital PL. First of all, could you just help us quantify what the GNPAs are there in the digital personal loan segment? Secondly, is there any strategy -- is there any change in strategy that you're looking at, given that this segment is looking fairly volatile. And with a yield of around 26% in the unsecured PL, is the segment currently profitable?

So if I just include that 9% in the base and take that 1.1% differential GNPA your digital personal loan GNPA is around 12%. Is the math around looks fine?