Bandhan Bank Limited CC-Dec23.pdf · 2024-02-09
First one is this quarter we had an ARC sale. So just wanted to understand the accounting for that. Like the way I understand is we have provided up to like 50%-60% for that, and the remaining is to be taken on the part of other income? Am I right? Or just wanted to get a - because in the disclosures, there is nothing related to the ARC income. So just wanted to confirm for this quarter.
So the ARC, the total portfolio was INR 720 crores, and at the time of sale, so whatever the carrying amount of provision was INR352 crores. And that, we have -- the additional provision that was required that was stated at the time of the sale. And the overall transaction is a PL neutral transaction. Okay. Okay. So then this quarter, we'll see the additional INR350 crores provisions that you created during the time of the sale. And then you have .... So that was already there in my books, adjusted at the time of sale of the assets. And second bit, on the Stress Pool bit, now we're seeing that, because of the migration to the core banking system, we have incrementals. But just going forward, should I see this Stress Pool -- should I expect this Stress Pool to decline, which has gone up, like, say, from INR55 billion to like INR 75 billion over the coming quarters, should I expect this to decline? What's your - because it seems like there are -- the forward flows keep on happening every quarter despite all these things. Any comment on that?