Yes, hi, sir. Could you hear me, sir?
Congratulations, sir, on the new assignment.
Questions across 23 calls
Rakesh Kumar
B&K Securities
Punjab National Bank
Very good performance, especially on the recovery front, sir. Just on the personal loan, you had given some data point in your opening remarks. What was the gross slippage that we have posted on this personal loan in this quarter, sir?
Gross NPA?
City Union Bank Limited
Yes, sir. So just on margin front., like because the bank is undergoing a change in the credit composition next year. And then we have interest rate cycle also, so how do we kind of look ahead in the margin trajectory in FY '26. So if you can give some rough guidance would be helpful?
3.6, okay. And credit cost guidance you are saying is mostly around this level?
Quite good sort of numbers with stable margin and negative net slippage number. Sir, one question I had with respect to the recovery that we do on the technically written off loan. The pace, if we see on a year-on-year basis, it's a bit volatile. So if you can give some guidance that how this recovery pace is going to be in the next fiscal year. Yes, that would be helpful, sir.
Understood sir. Sir, one question was with regards to the MCLR progression that happened during February '23 to November '23 in the past. So I was just looking at other regional bank in the same Tamil Nadu region and private bank, so their cost of fund progression increase was broadly in line with what happened to our bank. But MCLR increased, there was a divergent trend that we saw during that period. So how do we see now the MCLR increase from here on. So obviously, it will be based on the marginal cost. But at that time, we had a quite divergent trend actually, that time with other regional private bank. So how we are like thinking about that because that dented the margin trajectory for us as compared to the other bank quite a lot. So can we recoup that change? Is there a possibility? And have you thought about it. So just some clarity if you can provide, sir?
Union Bank of India
The first question was with respect to the interest income accrual with, you know, due to the recoveries. So, I think that the number previous year was approximately 3,065 crore and that number has fallen to 1,750 crore in the nine months. So, any comment that you can offer or any clarification that you can offer, ma'am?
Secondly, ma'am, with respect to our discount rate on the AS15 estimation, we have, I think, discount rate at 7.5% as on March ‘24. I am not sure if we have changed that number during the nine months. If it is the case, kindly clarify. And with the 10-year G-Sec having come down to 6.7 and around. Would we have to reduce the discount rate for the AS15 calculation in the March quarter? And if that is the case, how would the terminal benefit obligation number would look like in the fourth quarter employee expenses number, ma'am?
Ma’am, first question is with respect to this Rs. 1,296 crores standard asset provision that we have made. So, what is the outstanding number against which we have made this kind of provisioning?
I was saying, ma'am, that generally whenever there is such occurrence, we start with making 15% to 20% provision, right ma’am?
So, my question is basically pertaining to one is that interest income on the IT refund . That number has taken or doubled now to more than Rs. 1,000 crores for the entire year. So, any expectation there that how it will be in next year? Though it is slightly difficult to predict, but if you can tell us, because the number is quite sizable.
Second part was considering the flow of or the run rate of the slippage for this quarter, would it be like the guidance that we have given credit cost guidance, so we would be able to stick to that number, our slippage number of Rs. 11,500 crores, because run rate has increased suddenly in this quarter?
Yes, hi. Can you hear me, ma'am?
Thank you, ma'am. So, firstly, ma'am, what is the total recovery that we have done apart from the recovery on the written off of loan? So, what is the other recovery number that we have accrued to the P&L in this quarter?
Yes Bank Limited
So, firstly, the disbursement run rate seems to be marginally lower. So, anything that we should know about on year-on-year basis?
And this Cost-to-Income ratio which is coming down for Corporate book, is it due to like loan pricing issue that is prevalent in the system or it is due to the Asset Quality like because interest reversal number. So, what is the reason for that Cost-to -Income in the Corporate segment having gone up?
So sir, a couple of questions. Firstly, on the Other Interest Income side, so there is quite a lot of acceleration that we have in the first half, so we have posted close to around INR 780 crores. This number used to be close to half around INR 400 crores, INR 440 crores. So where is this number coming from? If you can let me understand that?
Yes. I have a couple of questions other than this.
So, there are a couple of questions I had, firstly with respect to margin. So, with the reduction in margin, with the help of CASA and improvement in asset quality, we had a stable margin for this quarter. So, how it is expected to pan out maybe in FY ‘25, if you can help us understand that, sir?
Sir, just to understand the CASA progression in this quarter, so if we have to build this number to FY ‘25, so what is the sticky part? What is the one -off part? If you can help us get some clarity?
The Federal Bank Limited
So, just like I have two questions. So, firstly, the amortization on the premium on the investment. So, has there been a change because of the investment guideline or that bank is now taking incremental exposure in the shorter duration GSEC or lower coupon sir?
So, why there is so much change in the amortization of premium on a year -on-year basis? So, like it has come down from Rs. 865 crores to Rs. 480 crores.
Yes. Hi, sir. Hi. Thanks a lot for the opportunity, sir. So, sir, firstly, like, on the network side, so like, if we exclude the profit for this quarter and the accretion that we have done, INR339 crores, there is some more addition to reserves is there. So what is the reason behind that, sir? I couldn't get it completely. So I am deducting the profit and INR339 crores that we have accreted to the AFS reserve. So what is the residual number could be?
Okay.
Karur Vysya Bank Limited
Quite a good set of numbers this quarter. So just had a couple of questions, sir. So firstly, sir, on this risk profile of the corporate banking book in the Slide 17. So there is some fluctuation between A and above and BB book from September '23 to June '24 and coming to September '24. Is this just the volatility for the time being? Or how we read this BB composition coming to 28% approximately, if you can help us sir please?
Very nice, sir. Just one question, if I could ask. This question is pertaining to the gold loan, jewel loan book. So in the non -agri segment, we approximately have INR900 crores in MSME if I'm correct. Can you kindly correct me if I'm wrong, sir. So how that book is growing sir, the non-agri jewel loan in the MSME segment?
Sir, just heard a few questions on this quarterly numbers. Firstly, sir this, like you mentioned this, the gain on the treasury book that have got routed into that reserve that is Rs. 23 crores plus Rs. 58 crores that we have reversed, the depreciation of the previous quarter, correct? J Natarajan No, this is actually, this is effective from 1st April and the transition day on 1st April when we work out based on 31st March, this is the impact, whatever you mentioned the number that has got the results.
And sir, the other number which is like from the investment reserve that we have also reversed this quarter. So, if you can explain that number, sir, Rs. 203 crore, which has like transferred from the investment reserve. So, if you can elaborate on that, sir pertaining to the notes to accounts too, sir?
Very good set of numbers for this quarter, sir. Especially on the margin front, we managed to hold the margin, like comparing that we had one -off in the Q3. So quite good set of numbers. Sir, just on the TD cost, term deposit c osts, so how do we see term deposit cost being out in FY '25? Because you have given the guidance for the first half. So just to understand that part slightly better.
Understood, sir. Sir, like suppose there is no rate cut even in this entire financial year, then what would be our stand on margin in second half, sir?
Yes, hi. Can you hear me, ma'am?
Yes. Good evening, sir. Quite a strong set of numbers. So congrats for that. Sir, one question was pertaining to this NBFC exposure that we have, so this is like around INR3,000 crores and we have slightly shredede the exposure I think in this quarter. So what is the strategy plan that we have to increase the exposure in the NBFC further or we would keep on t rimming this number.
The Jammu & Kashmir Bank Limited
A couple of questions. Firstly , as we had a discussion before also, even with higher margin, our cost-income is quite high and that is because of non -interest income number. And a related question is on the duration of the investment trading book. So, what is the plan there because a couple of banks have increased or have been increasing their duration in the last two quarters ?
Sir, I was also referring to the AFS book in particular where the duration is relatively on a lower side.
RBL Bank Limited
So, the question was with regards to the sale of credit card portfolio of around 793 crores where the loan account number is close to around 1.5 lakhs as we have given in our result note. So, what was the provision that we were holding because I think we have reversed whatever we realized, if you can throw some light on that, sir?
Other thing was that considering this total retail loan disbursement that we have seen this quarter and out of that the disbursement was the secured retail loan. So, is there any like this is just the opportunistic move in the business or is there any thought that we have to go more into the secured retail side if you can explain, sir?
Bank of Maharashtra
Sir, in the opening remark y ou mentioned that the provisions that we have of Rs. 1,200 crore some portion of it you are holding it to use for this new guideline on the investment valuation classification which came this year and applicable from the April. So, are you anticipating some provisioning requirement for this investment part because of the new guideline RBI guideline?
So, is this provision like final or complete amount or going ahead we would require to make additional provision for the same reason or with 100 crore number what we have done is like kind of a complete number?