So first question is with regards to the funding sources. So just wanted to know that in the last 1 year or so, like in this declining interest rate scenario, so what portion of nonbanking funds would have got repriced and to what extent?
And the nonbank -- so like from Q4 FY '25 to Q4 FY '26, we have a drop of approximately 80 bps of interest rate, the borrowing cost number. The interest rate number for us, the diversified funding number that has fallen from 8.4% to 7.6%?
So a question sir on extension of DCCO. So how much is the provision that we are holding on loans outstanding?
Yes. So with respect to account, so we ended...
So a question sir on extension of DCCO. So how much is the provision that we are holding on loans outstanding?
Yes. So with respect to account, so we ended...
Yes, hi. Thanks. So, couple of questions, sir. And firstly, to congratulate you on the good numbers. So, on the core basis, we have improved our performance. So, thanks and congratulate on that. So, firstly, sir, on the credit card, if I see like there is a sale of around INR938 crores of loans of around 1.5 lakhs credit card. So, is that the reason only why our return of pool has come down sequentially?
Yes, correct. No, so but since it is written off and it is, you have sold to ARC. So, your return of book will fall further, right? Because of this transaction.
So sir, just on this overleveraging part, like as a preemptive measure, like how soon do we get the understanding that the borrower whom we have lent is now overleveraged, because as you said that you get the CIBIL filing is happening around 15 days' time. So how soon do we get that information that the borrower is overleveraged now?
Yes. So I don't know, like you will -- as a practitioner, you will know better that should we increase the frequency of the same or not subject to the cost involvement issue? And secondly, after having known that, like how soon we can wind up our positions or maybe increase the security level of the assets from the borrower?
Yes. Hi. Sir, just one small question. So of the resources, 17% is from NHB and you said the rate has not been revised there. So that is firstly quite surprisi ng that RBI is using so much of effort in terms of liquidity to reduce the short -term rates. But still, the thing is, I just wanted to understand that as a -- as for the terms of business, do we have any obligation that if the NHB is reducing the rate, we also have to pass on it in the same proportion as soon as possible?
Got it. Thank you, sir.
Yes. Just slightly taking this query of margin a bit structurally. So I was just -- because banks loan, housing loan -- basically individual housing loans are completely EBLR linked. And until the time we have a trajectory of repo rate cut maybe happening for maybe another 50 or 75 bps, they will keep on passing on, right? Banks will keep on passing. And we are directly competing with them in terms of ticket size -- individual housing loan ticket size that we have. So considering that, so either we take a hit on the disbursement pace or we take a hit on the credit yield. So just I was thinking that -- so like the option that we have that we do the repricing as and when our funding cost is coming down, would that logi c remain valid considering the way competition will pan out?
Got it. And sir, just second question with respect to NHB borrowings. So the number like as a composition remains at around 4% of the total borrowing that we have. So what is the scope of raising that composition further from here?
Yes, hi. Thanks, So a couple of questions, sir. Firstly, like you were discussing on the deposit cost number, that there is an acceleration because of a special deposit scheme. But if I look at your reported deposit cost number, it was close to 5.1 % in first quarter. Increase was 8 bps in the second quarter and then 6 bps. And then all of a sudden in this quarter, 12 bps. It is not, it doesn't seem that it is just because of special deposit scheme what we had and what it stands withdrawn right now, but still we have seen 12 bps increase in the deposit costs. So is that there is a large mobilization that we did in third quarter? Is that the reason or there is some other reason why the deposit cost has increased by around 12 bps this quarter?
It looks very contrary, sir, that we have a credit growth of 0.6%. There is no credit growth actually in the domestic credit growth on a sequential basis. And as you said that we have kind of said some high cost maybe the bulk deposit. If you are setting the high cost bulk deposit, actually something reverse would have happened on the deposit cost number. But still with this kind of balance sheet growth, are reporting with a 12 bps increase in the deposit cost, margin decline of around 12 bps in Q4, numbers are not fitting in completely. So I don't know what is happening here.
So just firstly one question on the ALM side. I was looking at the average tenure of borrowing is around 7.5 years and average loan book tenure is around 9 to 11 years. So it's interest rate cycle would not just the ALM positioning would help on the margin expansion?
And secondly, sir, with reference to borrowing equity breakup and floating rate loan around 19%. So in this interest rate cycle, 38% kind of funding part of floating rate loans. So how much would be the drag in terms of the margin because of the rate cycle?
Hi, sir. Thanks for taking the question. So, you know, I would like to get your opinion on the four pointers. So, that is, again, with respect to the corporate capex program. So, firstly, like, you know, what is your view on, you know, the corporate cash balance and short-term investments as a percentage of the total asset? So, how that is moving and thereby impact on the, you know, probable capex that we are looking at? Second is the total loans under resolution in NCLT and NARCL or all the ARCs, basically, we can consider, where, you know, the interested corporate can bid for. And therefore, there is a, again, lower probability of the fresh capex. Third point is basically the banking system LDR position and the ability of banks to lend for the corporate capex. Fourth point is basically the RBI revised guideline on the STM investment book with respect to the inclusion of non-SLR in the investment, STM investment. So, these four pointers, you know, what is your opinion on all this, each of these four pointers with respect to capex? If we can throw some light?
Yes, correct. So, corporate capex and related, our, rating revenue improvement. So, I was coming from that, perspective. So, like, the corporate capex, is there. But, you know, if you look at the cash balances and the short term investments, that number i s pretty healthy right now as a percentage of their total corporate assets. So, because that number is, RBI publishes that number. So, I was looking at that number and just trying to understand that would really corporate will, demand the loan because the income accruals are quite high right now? Subodh Rai: Yes, I think two parts to it, I think on private capex, we have answered. I mean, it's a very complex play of multiple factors. If you look at balance sheet, clearly, it looks like they are ready. If you look at operating group, it looks like they are ready. But if you look at the overall business environment, given the geopolitical situation, tariff situation, it's slightly complex. Just to your point, whether corporates have more cash and short-term loan today with them and whether they will take lesser loan, this is a possibility. Because if I already have cash and short-term loan and I'm going to do a capex probably rather than leveraging it fully, I may only part leverage. We have also seen, most corporate talking about having lesser leverage, having cleaner balance sheet in terms of debt, having lesser debt. So to that extent the assumption you are stating seems appropriate to me that if I have a lot of cash, I have a lot of short term resources on my balance sheet, there's a possibility that I'll take lesser amount of debt.
Yes. Hi, sir. So like, I think this quarter, the quite critical part was deposit growth that you managed to report quite a strong number. So just wanted to know what is the strategy around the deposit mobilization that we did, because we had to manage failure as well, so what are the product on the asset side or on the liability side, we had this quarter or what is the kind of manpower that we had to manage or to show this kind of deposit growth and what would be the strategy going ahead also because we are looking at similar kind of credit and deposit growth number with the earlier. So if you can help us understand that part? Thank you.
Got it. So next fiscal year, we are looking similar kind of growth number in deposit or because if I look at the real TD rate for the system, it is like kind of high in the last 4- 5 years. So the real TD rate has to come down. So it will have some repercussion on the TD growth number. So overall deposit growth number, we have similar number in mind as compared to credit growth number?