See, Kunal, what the aim is to bring down the stress book through write-offs, etc., but I think we need to keep the interest of all our stakeholders in mind. Our intent is to bring down Net NPA well below 1%, in the 60-70 basis points vicinity over a period of time.
Like I mentioned in the last quarter as well, Kunal, our intent is to grow in line with market in the financial year 2026-2027 and be in the vicinity of 1% ROA as we get to the back end of that year.
So, Mahrukh, from a rebalancing perspective, I think the two big engines of growth are our vehicle business and microfinance and to some degree, our corporate lending business as well. But having said that, our muscles on the MSME space is relatively weak. And that is a space that that we are really looking to double down on. Two is if you look at many of the traditional retail asset businesses, home loans, affordable housing, gold loans, agri financing, etc. , all these are currently subscale. And these provide us huge opportunity for us to grow as we go forward , n ot jus t in terms of diversification, granularizing and also meeting our PSL objectives. The first medium-term objective is to get to 1% R oA. And that is what the aim will be. And there are multiple levers for us to be able to do that. I think there is ample scope for us to reduce cost to assets. We need to get better productivity in the branches for us to be able to grow our liability franchise and reduce cost of funds as well. And I think as we look to diversify our portfolio, we should be able to get a different path to 1% RoA from what IndusInd has seen historically.
I think the exact timeframe is too early to call, Mahrukh, but, like I said, I am in the process of building a three year plan along with the current team members and some of the new members who are joining us. Just give us a little bit of time and we will give you more granularity as we go forward.