Max Financial Services Limited CC-Feb26.pdf · 2026-02-12
Yes. Thank you for taking my questions. So, I had three questions. So firstly, on this Axis channel, so the Axis channel has delivered kind of stable growth, but there has been a significant improvement in the mix. So , should we assume that this is a little more permanent in nature? Or is it just , is it just temporary in terms of some of the ULIP s coming off and some of the other more higher -margin products doing better? So that is the first question on the Axis Bank . Second was on margins, again, at an overall level, because of the improvement in the product mix, margins have come to a very healthy 24.1%. So I just wanted to know what is this sustainable? Or is it how do we kind of see, say, Q4 playing out? Is it sustainable? Or is just that this quarter was much better in terms of the product mix? And thirdly, just on this group credit life that is already gone up by around 45% in Q3. So , if there is, for example, if this Axis Bank, this reported inorganic microfinance ambitions crystallize, are you ready for a step-function jump in rural volume in terms of access to credit access, micro finance book and so on? So, I just wanted to know around that. So, these are the three questions.
Yes. Thank you. That answers all my questions. Thanks so much.