Rikin Shah

Just one question, Puneet, if you could provide some color on the nature of trading gains in this quarter. And I also observed that in the investment breakup the HTM proportion has gone down to HFT. So does that have to do with the new investment norms and how should we think about the financial impact in the quarters to come back?

All right. Puneet just to clarify on this, while I am aware that these norms kick in from 1st April, is the investment book positioning in anticipation of that? And if you could also help us think about what could be the potential implications on the finan cials in the coming quarters, this is the new norm? That would be helpful.

Got it. Thank you very much.