Sonal Gandhi

Sir, I had a couple of questions. One is for the co -lending book, what is the yield that we are getting?

Nutan, I mean our yields has gone down by 30 basis points. Now I understand I'm talking about origination yield. I understand the rates are competitive, but our BT Out is a little high, our co - lending rate is a little low. What gives this confidence that we'll be able to maintain between 5% to 5.25% kind of spread? If you could just try and give some clarity over there?

And any range that you would like to give for co-lending, what would be the spread then?

Basically, I needed a few clarifications before I moved to questions. So, if you could just let me know what exactly happened in Tier-1 capital wherein it has fallen from 45% to 40.5%. Because I heard Nutan saying that if we take that risk weightage on the LAP portfolio, this might actually go down to 38.5%.

That’s helpful. The other one was on co-lending. So, is there an upfront income in co-lending as we do in direct assignment? Can we say fair value gains?

So, we had this stated policy, wherein we were planning to do about Rs. 100 crores of direct assignments every quarter. That number has gone up this quarter. So, how should we see this up-fronting income moving from here?

So, I just had one question, this is, when you are entering new states, what kind of team s do you build up? Is it like, your existing employees are transferred to the new state? Or how do you go on building up the team over there?

And how many employees does the new branch have and across what functions, I mean, how many employees would you have?

Sir, I am talking about a single branch, a new branch which you are opening . So, sales and operations, how many employees would you have over there and how would you add it over a period of time?