Central Bank of India — Q3 FY26

Central Bank of India Ltd Q3 FY2025-26 Earnings Conference Call https://www.youtube.com/watch?v=_gsH9gQp6rc Published: 4 months ago

0:00 Ladies and gentlemen, good day and welcome to Central Bank of India Q3 FI26 earning conference call hosted by Antic 0:09 9 seconds Stock Broking Limited. As a reminder, all participant line will be on the listen only mode and there will be an opportunity for you to ask questions 0:17 17 seconds after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on 0:26 26 seconds your touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Rajul 0:32 32 seconds Bernavul from Antic Stock Broking. Thank you and over to you sir. 0:38 38 seconds Thank you. Good afternoon everyone and thank you for joining post vision conference call of central bank of India. Today from the senior management 0:46 46 seconds side we have with us Kalyan Bumar MD and CEO Sri Mli Krishna executive director 0:54 54 seconds S. Mayendra Johar executive director, Sri Ratan Kumar, executive director and Mr. Makul chief financial officer. Now 1:04 1 minute, 4 seconds without any further delay, I hand over the call to MD sir for his opening remarks post which we'll have a Q&A 1:10 1 minute, 10 seconds session. Thank you and over to you sir afternoon. 1:16 1 minute, 16 seconds uh in brief I am going to capture the major highlights of Q3 result and uh it is quarter on quarter and some places I 1:25 1 minute, 25 seconds will compare it with yearon-year basis then if I say total business 1:32 1 minute, 32 seconds has grown by 15.77% and that is 7.74 lakh cr within which total deposit has grown by 13.24% 24% 1:41 1 minute, 41 seconds that is 450 lakh cr and kasa has grown by 8.54% that is 2.11 lakh cr advances 1:51 1 minute, 51 seconds has grown by 19.48% uh that is 3 lakh 20 23,531 1:57 1 minute, 57 seconds cr yearon-year basis and ram has grown by 17.89% 89% that is 2 lakh 23,000 cr. 2:07 2 minutes, 7 seconds Car rate has grown by 23.18% that is uh 1 lak 365 cr. Total income 2:14 2 minutes, 14 seconds also has increased by 12.62% that is rups 10 lakh 9 10,968 cr within which 2:21 2 minutes, 21 seconds interest income has grown by 6.15% that is 9,33 cr. Net profit all-time high uh 2:29 2 minutes, 29 seconds 31.70% increase to 1,266363636363636363636363 cr rupees gross NPA has been improved by 116 basis point and that is 2.70%. 2:41 2 minutes, 41 seconds Net NPA is45% that is 14 basis point improvement ROA is above 1.1 and it is 2:50 2 minutes, 50 seconds 1.01% ROE is 14.47% 47% and CD ratio have improved by 375 basis.272. 3:01 3 minutes, 1 second Here I want to say in market guidance in business growth, deposit growth, advances growth, REM, gross NPA, net 3:10 3 minutes, 10 seconds NPA, PCR, slipage ratio, credit cost, ROA in 11 part we have achieved the 3:18 3 minutes, 18 seconds whatever market guidance we have given we have achieved only kasa nim nim and cost to income these two 3:28 3 minutes, 28 seconds part we actually we could not achieve because lie guidance was above 3% we achieved to 2.96% 3:36 3 minutes, 36 seconds and cost to income guidance was given less than 56% and it is 57.84%. 3:42 3 minutes, 42 seconds But I am sure uh we will meet the expectations of the market and investor and uh we have initiated several 3:49 3 minutes, 49 seconds strategic steps to uh achieve uh these parameters also and uh there is uh 3:57 3 minutes, 57 seconds reduction in yield advances by 86 basis point year on that is 8.15 and cost of deposits has also in 4:05 4 minutes, 5 seconds decreased by six basis point that is 4.75 and credit cost I would like to highlight it is.37 slippage ratio in 4:14 4 minutes, 14 seconds this quarter it was 0.25 this is also one highlight and uh other operating 4:20 4 minutes, 20 seconds expenses has reduced by 119 119 basis point and uh it is also one improvement 4:27 4 minutes, 27 seconds which I want to highlight uh in front of you you all capital adequacy ratio is 16.13 within 4:36 4 minutes, 36 seconds which CT1 is 13.87 and 2 is 2.26 26 and our leverage ratio is 563. 4:45 4 minutes, 45 seconds Gross NPA in absolute terms is rupes 8,726 cr and net NPA is rups 1,414 4:53 4 minutes, 53 seconds cr and slippage during Q3 is rups 658 cr. It is also one of the best in uh 5:01 5 minutes, 1 second previous quarter and in 9 month slipage is 1,865 cr and another highlight which I want to 5:09 5 minutes, 9 seconds make recovery in return of account this quarter it is 100 1,026 cr and in 9 5:16 5 minutes, 16 seconds month it is rups 1,919 cr in that way uh there is marked improvement in recovery side and NPA 5:25 5 minutes, 25 seconds management side provision coverage ratio another signal of resilience in our balance sheet it is 96.69 69 uh that is 5:33 5 minutes, 33 seconds including TWWA account. So our restructured book also total 5:40 5 minutes, 40 seconds restructured book is uh 4,113 cr standard restructured book and SMA 5 5:48 5 minutes, 48 seconds cr and above is.32% that is rupees 1,24 cr total SMA 0 SMA 1 and SMA 2 5:57 5 minutes, 57 seconds constitute of 32% of our standard advances as of uh as of this quarter in 6:03 6 minutes, 3 seconds that way uh In brief I can tell you uh your bank is very resilient and adequate 6:11 6 minutes, 11 seconds capital is available and with the strategy which we have taken uh by integrating technological upgradation 6:17 6 minutes, 17 seconds and digital capabilities. I am sure that in coming uh days you will see the performance of central bank of India uh 6:26 6 minutes, 26 seconds actually uh as per your expectation as per market expectation. With this uh I am open for the questions. Questions please. Thank you. 6:37 6 minutes, 37 seconds Thank you so much, sir. Ladies and gentlemen, we'll begin with the question and answer session. Anyone who wishes to ask a question may press star and one on 6:46 6 minutes, 46 seconds the touchstone telephone. If you wish to remove yourself from the question, you may press star and two. Participants are requested to use handsets while asking a 6:54 6 minutes, 54 seconds question. Ladies and gentlemen, we'll wait for a moment while the question Q assembles. 7:02 7 minutes, 2 seconds Our first question come from the line of uh Dr. Ashok Ajmehira from HCOM. Please go ahead. 7:12 7 minutes, 12 seconds Uh thank you for giving this opportunity. Uh congratulations to Kalyan Kumar Jab and of course other the 7:20 7 minutes, 20 seconds entire management team and the staff of Central Bank of India for a very good quarter. Uh sir after having come in in 7:27 7 minutes, 27 seconds this bank you know you may not be knowing that in earlier three four quarters I had the concern on the advanced growth credit 7:36 7 minutes, 36 seconds growth which was almost muted if you look at the first two quarters but in this one quarter itself the credit 7:44 7 minutes, 44 seconds growth is 10.24% which is definitely commendable and leading to the operating profit of 2292 crores. So it's up to you. 7:56 7 minutes, 56 seconds 19.48%. 7:58 7 minutes, 58 seconds Yeah. Yeah. No, that is year on year I'm talking about 9 months. Uh this quarter, this quarter and quarter it is 10.24%. 8:07 8 minutes, 7 seconds Yes. 8:07 8 minutes, 7 seconds Uh advances and generally you know I compare for the current financial year and uh the credit has gone up to 11.52% 8:17 8 minutes, 17 seconds in this 9 month period. But looking at this quarter of 10.24% to 4% uh uh 8:24 8 minutes, 24 seconds growth from 2 lakh 93,000 crores to 3 lakh 23,000 cr shall we take it sir that 8:32 8 minutes, 32 seconds uh the credit growth for the whole year whole of the financial year FI 26 will be robust and beyond the advanced credit 8:40 8 minutes, 40 seconds target of 15 16% given earlier this is my first uh this thing and coupled with 8:47 8 minutes, 47 seconds that the deposited growth was muted in this quarter And the overall deposit growth also is only for 9 month 9.18%. 8:57 8 minutes, 57 seconds It means to get even that 13% target deposit you will have to generate the deposit of almost about 16,000 cr in the 9:05 9 minutes, 5 seconds remaining this one quarter. So these are the two things on which if you can draw a little light on that so that I can 9:12 9 minutes, 12 seconds take it further question sir. AJ, thank you uh for your encouraging words and uh 9:19 9 minutes, 19 seconds I want to assure you in credit side also uh we have these are not just numbers for this number and growth which you are 9:28 9 minutes, 28 seconds observing it is a well let down strategies and where activation of our every business units is a part 9:36 9 minutes, 36 seconds mobilizing both liability side and asset side in that direction first I will capture credit side question asset side 9:43 9 minutes, 43 seconds question which we have asked Earlier in previous quarter you must have observed our total loan book out of total loan book 72% belong were 9:52 9 minutes, 52 seconds belonging to RAM side and 28% was corporate side and uh growth rightly said by you so what we did uh for RAM 10:02 10 minutes, 2 seconds segment retail agriculture and MSN segment for retail agree MSME we started outreach program I joined in on 30th 10:10 10 minutes, 10 seconds September and in November first week we started outreach program more than 100 plus places. We got very good business 10:17 10 minutes, 17 seconds uh leads also and those leads converted into that actually helped us a lot in achieving these numbers which you are observing now and it is a continuous 10:27 10 minutes, 27 seconds process again in the month of February we already these are laid out dates are have been declared and people are working on the ground in that in this 10:35 10 minutes, 35 seconds process what happens business from field which is very challenging task uh for all the public sector banks we are able 10:42 10 minutes, 42 seconds to activate them and their contribution towards building quality loan book is ensured. This is one aspect. Towards 10:49 10 minutes, 49 seconds corporate lending side also we started conducting rate approval committee meeting every week and MC meeting, board 10:58 10 minutes, 58 seconds committee meeting also every fortnight we are uh organizing. We are getting good proposal in uh NBG side and also in 11:06 11 minutes, 6 seconds sanction side and good amount of sanction uh actually we have done. I will uh tell you uh in last 9 months 11:13 11 minutes, 13 seconds central bank of India head office level delegation committee have sanctioned 1 lak 17,000 plus cr and from that is that 11:21 11 minutes, 21 seconds is actually lot of things are still under dispersement I can assure you uh that in the remaining weeks also we'll 11:29 11 minutes, 29 seconds take uh decisions and looking to the undispersed part of already sanctioned proposal I am sure that the target of 1 11:37 11 minutes, 37 seconds lakh 13,000 cr plus uh credit book we are going to achieve that we are confident about it. Another thing 11:44 11 minutes, 44 seconds regarding uh your question to ask the poly mobilization and resources side there also central bank of India uh is 11:53 11 minutes, 53 seconds having actually I will say that uh we didn't go for any CD or also uh did not give any higher interest rate to 12:01 12 minutes, 1 second mobilize resources. I am happy to share our 65% branches are having more than 12:07 12 minutes, 7 seconds 50% uh kasa ratio and uh uh now also uh 47% is one of the highest kasa numbers 12:15 12 minutes, 15 seconds in term deposit side also our growth was more than 18% the people have trust in this uh brand of central bank of India 12:23 12 minutes, 23 seconds and our presence across the country towards northern side eastern side northeastern side and central side we 12:30 12 minutes, 30 seconds have good number of opportunity For Kata, we have also taken steps for actually segment wise product uh design 12:39 12 minutes, 39 seconds where lot of uh bundling of insurance products, life insurance, term insurance, accidental insurance and several products we have given and make 12:47 12 minutes, 47 seconds it one of the uh best products available in the market and with our uh marketing uh people and branch people we have 12:56 12 minutes, 56 seconds started campaign which is named as AGA and we are expecting 20,000 crores uh through this campaign in Kasa Kasai 13:05 13 minutes, 5 seconds and with the available uh structure technological support because you know we are having very good mobile app 13:12 13 minutes, 12 seconds centies app which uh provides very good experience and banking experience to our customers in that way I am sure that 13:19 13 minutes, 19 seconds resources side also we don't have any big challenge in mobilizing the required resources to meet our aspiration towards 13:26 13 minutes, 26 seconds great growth thank you sir uh my Next question is sir on the uh on the profitability front uh you 13:35 13 minutes, 35 seconds definitely perform well on the operating front but because of little higher provisioning in this quarter our net profit is just 50 cr above the last 13:44 13 minutes, 44 seconds quarter's profit of 1,213 cr and what I see is that the provisions have gone up mainly on the one is on the restructured 13:52 13 minutes, 52 seconds standard restructured book to 346 cr as against 113 cr and also on the standard asset book also 14:01 14 minutes, 1 second the provision has gone up substantially from 30 cr to 150 cr. This is maybe is one of the reasons. So, so what is the 14:08 14 minutes, 8 seconds reason for I mean making the higher provision and whether are we going to have the need for the same in the next quarter also 14:17 14 minutes, 17 seconds because ultimately the bottom line is not reflecting what the operating profit is and coupled with that uh there is 14:24 14 minutes, 24 seconds also an observation sir that our treasury has performed well in this quarter uh generating uh you know treasury income of 302 crores and at the 14:34 14 minutes, 34 seconds same time recovery from the return of book is also very handsome. more than 109 cr and so overall other income has 14:41 14 minutes, 41 seconds increased which has offseted some of these provisions. Uh but whether we will continue to have the need for uh 14:49 14 minutes, 49 seconds providing so high in the restructured book and standard asset also we are building more provision and whether it is because of creating some buffers or uh what is the reason for that? 15:00 15 minutes Yeah. uh see uh 375 crores we have provided for uh ECL 15:09 15 minutes, 9 seconds yeah that's what I wanted to know yeah for the first time that DCCO extension 15:18 15 minutes, 18 seconds current I mean we have a provision of around 50 crores so these are the two major 15:26 15 minutes, 26 seconds reasons but a is for regulatory guidelines one is our uh we have uh I mean proactively provided 375 crores for 15:33 15 minutes, 33 seconds the uh proposed ECL transition. So these are the two reasons but I mean uh provision wise because the credit the 15:42 15 minutes, 42 seconds slippage ratio has been uh contained that is why the credit cost also has been contained and uh based on and 15:50 15 minutes, 50 seconds whatever is the impending requirement that we foresee we are doing proactive solution. 15:56 15 minutes, 56 seconds Sir one thing on the employee cost uh 160 cr is more than the last quarter. 16:01 16 minutes, 1 second Have you considered this the impact of the revised labor code? 16:06 16 minutes, 6 seconds Uh there also we have proactively provided 150 crores additional that is labor code that 16:16 16 minutes, 16 seconds no work with labor code proactively we have uh done this uh provision of additional 150 cr. So the impact of the 16:25 16 minutes, 25 seconds labor code on the on the new labor code on the on the gra is yet to come. The effect 16:36 16 minutes, 36 seconds year we do not have kind of structure in the bank. Beyond 90 days we are not submitting any casual labor and other 16:44 16 minutes, 44 seconds and direct contactual agencies we do not engage any casual 16:52 16 minutes, 52 seconds labors directly. So we do not foresee any sizable or any impact at all. 16:59 16 minutes, 59 seconds The last one in this round is holding 89%. 17:04 17 minutes, 4 seconds So you please rejoin the uh last last one. 17:13 17 minutes, 13 seconds Go ahead. Yeah. What happened? Hello. 17:25 17 minutes, 25 seconds Okay, we'll go to the next question. 17:27 17 minutes, 27 seconds Yes, our next question come from the line of Nishita from Sapphire Capital. Please go ahead. 17:34 17 minutes, 34 seconds Um, hello. Am I audible? Yeah, please. 17:38 17 minutes, 38 seconds Yeah. So, uh, I just had three questions. Uh, you mentioned that we did 1,100 cr of recovery in Q3 FY26. 17:49 17 minutes, 49 seconds uh like can you give a number of how much recovery we can do in SH4 of FY26? 17:59 17 minutes, 59 seconds Q4 madam uh I am I will tell you in Q4 expected 18:05 18 minutes, 5 seconds recovery and upgradation uh and recovery technical write off it is 94 cr total recovery and upgradation expected in flu 4 is 904 cr. 18:18 18 minutes, 18 seconds Okay. Got it. And you also mentioned that in kasa nan cost to income we are like we have not achieved our stated 18:27 18 minutes, 27 seconds guidance. So like do you foresee us achieving our stated guidance in Q4 and like in overall FI26 also 18:36 18 minutes, 36 seconds it may take time actually I can't assure by March 26 because there is pressure on margin uh due to rate cut and uh though 18:44 18 minutes, 44 seconds we are diversifying revenue sources and costment we have taken several steps but it may another uh two years to three 18:52 18 minutes, 52 seconds years it would take to uh take it below uh 56% right or you can add 19:01 19 minutes, 1 second madam uh see we are at 57.8% 8% right now and uh as S is saying because of the 19:08 19 minutes, 8 seconds pressure on margins so Q1 I mean it it will have to be a gradual process through which we'll be able to come down 19:16 19 minutes, 16 seconds so maybe 50 to 50 to 100 uh bits every year like that we will be able to uh bring down the cost to income ratio by 19:25 19 minutes, 25 seconds less than 50 it will take three minimum three years less than 50 years Okay. Okay. Understood. Okay. 19:34 19 minutes, 34 seconds Understood. And this last it's just a clarification. You mentioned that uh our credit book target is of 1 lakh 30,000 19:43 19 minutes, 43 seconds cr 30 1 lakh 30,000 1 lak 13,000 19:51 19 minutes, 51 seconds that's the target right 125 in one 25 corporate corporate. 20:00 20 minutes Okay. Okay. So corporate. So what is the overall target book for overall target credit book 20:08 20 minutes, 8 seconds 350 total grade target 34,000 3A 3 55,000 20:15 20 minutes, 15 seconds 3A 40,000 okay okay thank you so much 20:22 20 minutes, 22 seconds thank you our next question come from the line of Ishan Gupta from choice institutional equities please go ahead 20:30 20 minutes, 30 seconds yes hi Am I audible? Uh yes. Yes, you are audible. Yeah, good afternoon sir. 20:36 20 minutes, 36 seconds Congratulations for the good set of numbers. So my first question would be that going by your sequential growth in business the corporate loan book has 20:43 20 minutes, 43 seconds witnessed a substantial growth of 20% beyond Q. So what so was this absorb growth led by any particular end up or it was broad-based? 20:54 20 minutes, 54 seconds It is broad-based actually uh because you see uh in corporate side growth yearon-year growth is 23%. 21:03 21 minutes, 3 seconds And uh we have given s sanctions from head office in this year uh from different committees. It is 1 lakh 21:09 21 minutes, 9 seconds 17,000 uh cr and uh different uh committees like MC uh CSC committee 21:16 21 minutes, 16 seconds headed by MD, ED and CDM committees have approved and from journal level also a regional office level also committees 21:23 21 minutes, 23 seconds have contributed uh towards this corporate credit business. It is broad-based. it is not uh limited to any any few players or any entities. 21:34 21 minutes, 34 seconds Yeah. Yeah. So the reason for asking this question was because the uh going by the general market um many of the 21:41 21 minutes, 41 seconds sectors are not doing good except auto and some of the consumer discretionary payers. to uh for that any particular 21:50 21 minutes, 50 seconds sector u because the private capex is not growing that much and uh at the time the government finances are under stress 21:58 21 minutes, 58 seconds uh similarly the government capex is also weak. 22:02 22 minutes, 2 seconds So demand demand for trade side majorly the sector where we entered uh this is 22:10 22 minutes, 10 seconds renewable energy sector LRD and also uh also opportunity towards uh 22:17 22 minutes, 17 seconds infrastructure road road side also and uh data center also these are the emerging areas where we participated and 22:26 22 minutes, 26 seconds uh in corporate trade side we uh actually entered into those areas. 22:34 22 minutes, 34 seconds Okay, my second question would be uh when comparing our RAM advantage growth with the industry growth rate, it is 22:41 22 minutes, 41 seconds quite observant that our retail and agriculture segment is outperforming while SMing segment is lagging behind. 22:48 22 minutes, 48 seconds So uh could you explain the drivers for each of these observation? Yeah, retail retail we have grown by 20 21%. Looking 22:57 22 minutes, 57 seconds to the uh opportunity available uh in our Indian economy and agriculture also 23:03 23 minutes, 3 seconds we have grown by 15 15%. Uh and MSME we have grown by 16%. So you rightly said 23:11 23 minutes, 11 seconds by you that MSME as uh we have uh actually whatever we are having aspiring to grow it didn't match that but we have 23:19 23 minutes, 19 seconds initiated the steps that I would like to share with you we have identified 225 uh MSME intensive branches and in the 23:27 23 minutes, 27 seconds active clusters and we have designed cluster specific products and uh digital 23:34 23 minutes, 34 seconds side also uh lot of digital journeys for financing uh small value customers also uh that is that is also there. So with 23:43 23 minutes, 43 seconds this I am sure an outreach program also scheduled uh uh in the first week of February uh we are going to conduct MSME 23:52 23 minutes, 52 seconds outreach program at 90 plus centers in the country and uh with all these enablement I am sure that our growth in 23:59 23 minutes, 59 seconds MSME sector uh would be better in this quarter four. 24:06 24 minutes, 6 seconds So uh yeah also we have one of the best kasa princes among the PSU banks. So but the time when the data between the 24:14 24 minutes, 14 seconds savings deposit rate and the fresh term deposit rate is reducing. So what I believe is we should be able to grow our 24:21 24 minutes, 21 seconds savings book more strongly. So but the kasa uh growth uh has reduced this quarter. So what could be the reason for a weaker growth? 24:32 24 minutes, 32 seconds Kasa we have grown by 8 43% 45%. 24:39 24 minutes, 39 seconds And uh what I understand Kasa ratio also we have improved from previous quarter 47.13% is there previous quarter it was 46.89%. 24:49 24 minutes, 49 seconds So there there I believe and also uh I I will tell you our out of 4567 branches 24:57 24 minutes, 57 seconds approximately 3,000 branches are maintaining kasa above 50%. And northern side, central side, eastern side, 25:05 25 minutes, 5 seconds northeastern side ka ranging from 52 to 55%. Only southern side and western side 25:12 25 minutes, 12 seconds our kata ratio is 38%. So to build upon our these capabilities uh we have 25:18 25 minutes, 18 seconds launched the AA campaign where uh the product which we have designed for all the different segments of the customers 25:26 25 minutes, 26 seconds like uh pensioners, defense personnel, police personnel, housewives, RA specific current accounts number of 25:35 25 minutes, 35 seconds products we have launched now and with this campaign we are expecting good uh mobilization under kasa segment. This is 25:43 25 minutes, 43 seconds our strong area and we are building upon our strong area. Technology also playing important role. Every brands and marketing officers are having tab. 25:51 25 minutes, 51 seconds Through tab with pleasant onboarding experience we are giving to our customers and through mobile app uh that 25:58 25 minutes, 58 seconds is also a super appease mobile app. Uh through that also we are giving them superior banking experience providing 26:05 26 minutes, 5 seconds them all the almost all the banking services on click basis. In this we are sure that uh we will not only maintain but improve our kata ratio in Q4. 26:18 26 minutes, 18 seconds And so my last question would be with repricing of older term deposits is expected to start from the current quarter as the first rate cut happened 26:27 26 minutes, 27 seconds in March 2025. So what is the range do you foresee at which the cost of deposits should settle around in upcoming 12 months? 26:37 26 minutes, 37 seconds Uh see uh the rate cut was announced from February 25 and in phases 125 bits 26:44 26 minutes, 44 seconds of uh rate cuts have been announced by Reserve Bank but uh as you know the the uh transmission in repo based loans will 26:53 26 minutes, 53 seconds happen instantly whereas the time deposit uh rates uh will will take some uh lag effects. So we expect that by 27:00 27 minutes June 2026 the uh transmission should happen because now our maturity uh on an average monthly basis is somewhere 27:07 27 minutes, 7 seconds around 18,000 19,000 crores of time deposits. So uh we expect that uh by June when the transmission is uh is 27:15 27 minutes, 15 seconds complete our uh cost of deposit should further come down to to around 4.65 65 4.70 kind of a range 27:24 27 minutes, 24 seconds because there will be there will be another driving factor if if we uh through through this kafa campaign uh our kafa growth also will be there. So 27:32 27 minutes, 32 seconds that will be an additional uh uh lever through which we'll be able to bring down our cost of deposit. 27:40 27 minutes, 40 seconds So so considering both the drivers uh it could it come down below 4.5 mean currently it resides around 4.85. So 27:47 27 minutes, 47 seconds let's say 4.7 is the rate we are penciling in uh with the rateing. 27:55 27 minutes, 55 seconds It it can be in the range of 4.5 4.55. 27:59 27 minutes, 59 seconds Okay, understood. Thank you. All the best for the upcoming events. Thank you. Thank you. 28:07 28 minutes, 7 seconds Thank you. Next question come from the line of Wun from Share India Securities. 28:14 28 minutes, 14 seconds Uh you sir and congratulations on your set of numbers sir I just wanted to understand your overall provisioning you 28:22 28 minutes, 22 seconds said that 375 cr is the provisioning that you have for ETS so what was the 150 crores proactively that the company 28:29 28 minutes, 29 seconds has provided for and also the overall credit cost no doubt it is below 1% and below the guided range but it has gone up from 0.22% to 0.38%. 28:42 28 minutes, 42 seconds So do you expected to come back to the open system or will it be you know as it 28:48 28 minutes, 48 seconds uh you can your voice was not clear so I could hear the first part 375 crores is ECL 28:56 28 minutes, 56 seconds provision 150 crores proactively we have provided for the permanent use of the employees that that uh that we have done 29:04 29 minutes, 4 seconds for this quarter. Uh what is the other thing you are asking? 29:08 29 minutes, 8 seconds So on overall credit cost I mean it is on a basis it is a little bit elevated from 0.22% to 0.38%. 29:17 29 minutes, 17 seconds So uh what could be your vision for this addition and I mean at what level do you expect them to be your belonging? 29:31 29 minutes, 31 seconds So uh credit cost our uh first is our guidance for uh slippage ratio is less than.35% 29:39 29 minutes, 39 seconds every quarter. Now, now what happens if I have to keep my net NPA at the same level even though as per Iraq norms I am 29:48 29 minutes, 48 seconds required to make a provision of 15% only but uh to keep the net MP at the same level I'll have to provide for almost 29:55 29 minutes, 55 seconds 100%. Because then only my net NPA would be at the same level or slightly lesser because of the higher income. So depending upon these slippages the 30:02 30 minutes, 2 seconds credit cost may vary but uh it is within the range of the market guidance that we have given. 30:10 30 minutes, 10 seconds Okay. Fine. Okay. So you have said that I mean the cost of the writing and the impact was June 2026. Just wanted to 30:19 30 minutes, 19 seconds have you know little bit of knowledge on your interesting because 3% was the target you know for 26 you already 2.9%. 30:30 30 minutes, 30 seconds And some impact of the overall rate to happen in Q itself. So do you expect to go above 3% or will we see you know 30:39 30 minutes, 39 seconds below 3% or you know somewhere that we are uh we are going to maintain 3% 30:47 30 minutes, 47 seconds guidance which we have given to the market and uh for that to maintain that you know uh rate hit 125 basis point was 30:56 30 minutes, 56 seconds cut and as we are having more than 60% loan book uh uh uh linked with repo repo 31:03 31 minutes, 3 seconds immediate this was transferred to the customer but that deposit repricing rightly said by you comes with lag and 31:11 31 minutes, 11 seconds by Q Q1 uh next year uh most of those uh deposit will be repriced but even after 31:18 31 minutes, 18 seconds that uh that pressure on margin is there but for maintaining that name we have already diversified as I told you in my 31:27 31 minutes, 27 seconds earlier answers kasa mobilization we have started very strategically and also uh RAM advances where we are having 31:35 31 minutes, 35 seconds particularly MSME in agriculture good margin we are having so we are focusing on those by actually opening agree 31:44 31 minutes, 44 seconds intensive and MSME intensive branches in their clusters focusing upon uh highing agriculture infra finance also go down 31:53 31 minutes, 53 seconds construction side and the opportunity available in this segment where things are actually really emerging we are entering into those segments where good 32:01 32 minutes, 1 second margins uh we are expecting uh record uh on consistent basis uh on weekly basis we are conducting credit approval 32:09 32 minutes, 9 seconds committees meeting also dispersements are also happening to average credit part which play very important role uh towards actually interest management 32:18 32 minutes, 18 seconds income management with all these diversification uh we are sure that our margins uh would be maintained and MI we 32:26 32 minutes, 26 seconds will be successfully maintained uh at least up to 3%. 32:31 32 minutes, 31 seconds Okay sir. So one last thing just wanted to understand because you highlighted that the overall growth has not been you 32:37 32 minutes, 37 seconds know as much as you think are true but uh I mean what we are learning is last 32:44 32 minutes, 44 seconds you know during the Q3 towards the fire I mean in the month of December the overall demand has improvement as that I 32:52 32 minutes, 52 seconds mean some light on the overall demand condition for MSN what what uh I understand you want to 32:59 32 minutes, 59 seconds know that whether the demand and has gone up in Q3 under MSME, right? 33:07 33 minutes, 7 seconds I mean that gives you confidence that will be good. 33:14 33 minutes, 14 seconds So basically MSME as a sector seasonal demand MSM is only how how best 33:21 33 minutes, 21 seconds we are able to finance how how best we are able to find out. So as sir has pointed out that with the outreach programs that we have started in in uh 33:30 33 minutes, 30 seconds start of Q3 now in Q4 also we'll continue and along with that improved product offerings are there. So with 33:36 33 minutes, 36 seconds that we we definitely expect that the Q4 growth would be uh better. We are actually I will supplement what Mukulji 33:45 33 minutes, 45 seconds has told. uh we have identified 2.5 MSME intensive branches and those branches are in the clusters active clusters of 33:55 33 minutes, 55 seconds uh the different activities and we are we have also designed specific products for them which is very very competitive and supportive. Apart from that advisory 34:04 34 minutes, 4 seconds services like handholding providing them training to the entrepreneur and also our own people who are posted in those 34:12 34 minutes, 12 seconds branches also we are providing them specialized training that is going on actually in this quarter we'll get benefit of all these initiatives which 34:21 34 minutes, 21 seconds we have taken in MSME financing in that way I can tell you that uh current quarter Q4 actually will have good 34:29 34 minutes, 29 seconds performance under MSME Okay. Okay, sir. Uh, thank you for answering my question, sir. Uh, thank you and thank you very much. 34:39 34 minutes, 39 seconds Thank you. Thank you. Yeah. Next question, please. 34:51 34 minutes, 51 seconds Yes. Next question come from the line of Ash ash from KC Securities. Please go ahead. 34:57 34 minutes, 57 seconds Hi team. Uh, good evening. Uh two questions to begin with. Uh firstly, your borrowings have gone up quite sharply. QQQ uh what is the reason for 35:06 35 minutes, 6 seconds that and what is the uh cost of these incremental borrowings? 35:13 35 minutes, 13 seconds So uh see uh even though I mean securities are liquid securities in which we have invested but since they 35:20 35 minutes, 20 seconds are carrying better coupon so what we are doing is we are uh borrowing against those securities at around 5 5.15 515 35:30 35 minutes, 30 seconds 520 types and uh those funds we are utilizing towards uh I mean funding and 35:37 35 minutes, 37 seconds uh that is why you see our CV ratio has gone up to 72%. 35:44 35 minutes, 44 seconds Got it. Um, there was a fairly large recovery from TWW accounts in this quarter. Uh, was there any lumpy account here? 35:52 35 minutes, 52 seconds Yes. So, uh, the major recovery has happened in some some accounts. The highest being in B airlines with 515 36:01 36 minutes, 1 second crores. Thereafter uh we have received 90.79 crores in one account called ALM 36:08 36 minutes, 8 seconds industries 80.37 crores in ALM food products 52.32 crores in al-Nafi like 36:16 36 minutes, 16 seconds that we have many accounts and I can tell you that recovery in accounts above 1 cr is 890.56 36:24 36 minutes, 24 seconds crores and the remaining is in the uh below 1 cr 30 cr is below total is 1,21 36:32 36 minutes, 32 seconds Understood sir. Um sir you uh just a couple more questions. You gave some number that roughly about 18 19,000 cr 36:40 36 minutes, 40 seconds of term deposits get repriced uh you said every quarter or every month month because we have a uh 2 33,000 cr kind of time deposit. 36:53 36 minutes, 53 seconds Understood. So and lastly, can you share guidance on the yield on advances and cost of deposits in the next few quarters? 37:03 37 minutes, 3 seconds Current yield on advances is 8.15 and hopefully we'll uh maintain this 8.15 in Q4 and another what what was the 37:13 37 minutes, 13 seconds cost? Cost should come down cost income will come down. It would come down. 37:21 37 minutes, 21 seconds Understood sir. Thank you. Thank you. Thank you. Thank you sir. 37:28 37 minutes, 28 seconds Our next question come from the line of Sil Chi from India security equity advisor. Please go ahead. 37:37 37 minutes, 37 seconds Congratulation to team central bank and management for the excellent performance and lots of guidance in the press as 37:44 37 minutes, 44 seconds well as in the presentation and Q&A. So my first question is in the interview and the commentary right now you said 37:51 37 minutes, 51 seconds your growth path is on a very positive track. Uh you were expecting 72% 37:58 37 minutes, 58 seconds CD ratio at March 26 whereas you've already reached 26 numbers in this quarter and you've 38:06 38 minutes, 6 seconds already indicated the loan growth number based on what you expecting to you have sanctioned and what is the kind of dispersement likely to happen. Second 38:15 38 minutes, 15 seconds thing can you indicate what kind of roe minimum you've already guided you will achieve 3% roe ROA 38:24 38 minutes, 24 seconds and is your balance in RAM which you've indicated again in interviews would be much better compared to where we stand 38:31 38 minutes, 31 seconds today in terms of corporate book is growing and RAM would stabilize 38:38 38 minutes, 38 seconds ROI is uh 14.47% 47% up by 151 basis point and certainly it will increase and 38:45 38 minutes, 45 seconds for in this quarter also and ROA will maintain above one as we have given guidance to the market it is going to be 38:53 38 minutes, 53 seconds above one towards RAM side it is our priority and central bank of India is having strength in this segment earlier 39:01 39 minutes, 1 second also you see uh based upon learnings from uh what we uh actually learned uh during PCA period and after that 39:09 39 minutes, 9 seconds corporate lending we are very uh actually I will say that's very selective only AAA and due to lesser 39:16 39 minutes, 16 seconds risk appetite the RAM side uh actually uh really the way we have identified the potential centers branches active 39:25 39 minutes, 25 seconds clusters dedicated products and technology integrating with our business models I am sure uh the guidance which 39:33 39 minutes, 33 seconds we have given to RAM segment 65 35 ratio plus - 5% we have achieved this quarter also in next quarter I'm confident that 39:42 39 minutes, 42 seconds the it would be maintained anything else question sir your commentary was very positive 39:50 39 minutes, 50 seconds ratio also to answer your question uh current quarter we have reached to 72% so certainly as uh we aspired uh to uh 39:59 39 minutes, 59 seconds improve our advances and deposit so target advances were 3 lakh 40,000 cr and deposit 4 lakh 60,000 cr I expect 40:07 40 minutes, 7 seconds that ratio would be the range 73 73 half we will reach easily to that level 40:15 40 minutes, 15 seconds basically speak less and achieve more that's the mantra which you are guiding to central bank that's what I figure out from your interviews on your commentary 40:22 40 minutes, 22 seconds right now I'm happy to hear that sir PH bank is a flavor of the season right now in the capital market when the times are 40:30 40 minutes, 30 seconds challenging led by the world you have excellent franchisee where brand image the 115 years put into the bank's image. 40:40 40 minutes, 40 seconds Customer base in Kasa is well supportive. You now have insurance arm. 40:45 40 minutes, 45 seconds You are likely to spend huge amount on technology if that number can be spelled out. What we will do differentiated from 40:54 40 minutes, 54 seconds the market and in our brand image to make our bank bigger and stronger including your 10 lakh cr aspiration of 41:02 41 minutes, 2 seconds 28 which seem very feasible and achievable based on the numbers what you've spoken for. 41:11 41 minutes, 11 seconds See uh our nearly we are blessed that we are 114 year olds old uh public sector 41:20 41 minutes, 20 seconds bank and having very rich legacy and rich culture. uh we are proud of that and also we are having 34,000 plus uh 41:29 41 minutes, 29 seconds employee and uh average age of employee 38 year and that is makes a very good combination of senior experienced person 41:38 41 minutes, 38 seconds and uh the young young person it makes a very good combination and uh aspirations which you are actually expecting from 41:47 41 minutes, 47 seconds central bank of India regarding in terms of visibility and uh brand image we have taken several steps in that direction. 41:55 41 minutes, 55 seconds Digital uh media also social media handles, channels and uh also several 42:02 42 minutes, 2 seconds products uh uh the digital products adoption level uh are increasing for that purpose also campaign we have 42:10 42 minutes, 10 seconds started digital marketing officer one new concept we have identified and with the thorough branding uh all the nal 42:18 42 minutes, 18 seconds officer and branches regional office journal office and head office level we are integrating them toward a structured way. So that we can showcase our 42:27 42 minutes, 27 seconds potential. While giving interview people still outside people understand that central bank of India is a traditional 42:34 42 minutes, 34 seconds public sector bank but once we discuss with them the features and capability of technology which we have built upon then 42:41 42 minutes, 41 seconds uh they understand that is need. I understand there is a need to highlight all these things and market it properly. 42:48 42 minutes, 48 seconds So very structured and strategic way we are planning to uh actually uh improve visibility of our bank and uh in that 42:56 42 minutes, 56 seconds direction uh going to media giving interviews meeting with the investor these are the part of our strategy and 43:02 43 minutes, 2 seconds also we are having lead bank responsibilities at 53 places 53 43:09 43 minutes, 9 seconds districts we are also identifying identified them as potential brand ambassador of central bank of India we are organizing there two three days 43:18 43 minutes, 18 seconds training program where we are going to groom them for a better brand ambassador for Central Bank of India. In that way 43:25 43 minutes, 25 seconds we are leveraging all the opportunities and scope available uh in our organization to showcase our strength to 43:33 43 minutes, 33 seconds the Indian banking ecosystem. Thank you sir. Uh second day uh you've spoken about core strength of not only 43:42 43 minutes, 42 seconds management employees and the technology which you adopting the consumer experience likely to get better and the 43:49 43 minutes, 49 seconds bank gets support. Second thing I make out from your statement in the press articles as well as in your commentary that the private sector capex is on a 43:59 43 minutes, 59 seconds path of recovery compared to public sector. Can I take uh your replies as that our lending which is happening 44:06 44 minutes, 6 seconds today is more toward private sector compared to public sector entities. 44:15 44 minutes, 15 seconds We are having a very good customer base and our own clientele banking with us for fifth generation, fourth generation 44:22 44 minutes, 22 seconds likewise we are meeting and we are not a large player in corporate sector looking to the potential players like larger 44:30 44 minutes, 30 seconds bank and all the all in that way I don't find any challenge uh our grow because our base size is very low the growth 44:38 44 minutes, 38 seconds which we aspire looking to the our potential available in the Indian market we are getting ample scope and ample 44:45 44 minutes, 45 seconds proposals uh for actually financing and building our own book in those segments. 44:51 44 minutes, 51 seconds There is absolutely no challenge we are finding are competing with private sector and all and because we are having 44:58 44 minutes, 58 seconds our own client base and we are getting good proposal in those from those uh channels. 45:06 45 minutes, 6 seconds If I conclude my question sir uh we have we are only climbing up on all aspects and we've hit the bottom in respect of 45:15 45 minutes, 15 seconds uh margins profits and we look up only quarter on quarter am I to assume that way would be a better way to take it 45:24 45 minutes, 24 seconds yeah bottom uh line will be maintained as I assured you because there are because our composition of loan book you 45:31 45 minutes, 31 seconds are aware it is 60 more than 60% loan book is repolinking based So we are more impacted. You must have seen in previous 45:39 45 minutes, 39 seconds quarter there was a reduction of 59 basis point steepest actually impact but we have initiated several steps to 45:46 45 minutes, 46 seconds maintain by uh launching kasa campaign by designing products and also designing the structure. Similarly in RAM as I 45:54 45 minutes, 54 seconds discussed with you and also diversifying different resources costment with all these strategies I can assure market that our profitability and all these 46:03 46 minutes, 3 seconds things we see a marked improvement in coming quarter and also coming year I'll just squeeze in one last question 46:12 46 minutes, 12 seconds central bank future generally is very visible the central bank generally insurance arms very visible in media as well as other places has it started 46:20 46 minutes, 20 seconds rewarding where our investment is concerned See such kind of business actually takes 46:28 46 minutes, 28 seconds time to achieve break even and all. It is just first year and uh they have given 40 from insurance we have got 42 46:36 46 minutes, 36 seconds cr but what was the contribution of generally that uh uh means it is combined income of insurance 42 cr 46:45 46 minutes, 45 seconds but lot of hope is there because generally being a global company having expertise in products and also delivery 46:52 46 minutes, 52 seconds side and good services side and central bank of India having uh countrywide agents and uh having good trust public 47:00 47 minutes and customers in our franchises and we are under obligation to provide all the banking services and requirement of customers under one roof. In that way 47:09 47 minutes, 9 seconds this association is going to be complimentary and coming years we'll certainly get good benefit out of this association. 47:18 47 minutes, 18 seconds Congratulations best wishes to central bank dean for the year to come. Thank you. Thank you. 47:25 47 minutes, 25 seconds Thank you sir. Our next question come from the line of Tanya Kotari from AM Capital Private Limited. Please go ahead. 47:33 47 minutes, 33 seconds U congratulations to the management team on delivering another strong quarter with over 35 to 31% YI growth in 47:40 47 minutes, 40 seconds consolidated profit and further improvement is seen in asset quality. So my first question is going with 19.5% 47:50 47 minutes, 50 seconds credit growth and uh the capital ad ratio is now trading towards uh 15%. 47:57 47 minutes, 57 seconds So at what growth rate do we start consuming capital meaningfully and should we expect any equity dilution for 48:06 48 minutes, 6 seconds raising tier 1 or tier 2 capital in FY 26 and 27 to meet our target desired target in Q4 48:16 48 minutes, 16 seconds uh this capital is enough sufficient to meet this growth target uh whatever we are aspiring 3 lakh 40,000 cr is the 48:23 48 minutes, 23 seconds credit advances target easily we will achieve there No need of uh going to market for either for tire one tire one uh capital. 48:34 48 minutes, 34 seconds Okay. So uh ro is now around 1% and you have given a target of 1%. Is this the 48:41 48 minutes, 41 seconds peak zone for a PSU bank like yours or what are the three levers to sustain or improve ROI above 1% once recovery and 48:49 48 minutes, 49 seconds credit cost change in ROA? We have given guidance it would be above 1% and certainly the profitability 48:58 48 minutes, 58 seconds side uh which we are focusing upon this time also you have seen 1263 cr was the profit and uh net profit uh of the full 49:07 49 minutes, 7 seconds year is going to be 4,000 plus cr I am sure that with this uh ROA we will 49:14 49 minutes, 14 seconds maintain uh one or above one with the guidance we have given as I have told answering different questions that kata 49:22 49 minutes, 22 seconds is our priority. RAM is our priority and technology adoption is our priority. 49:27 49 minutes, 27 seconds Cost reduction is priority. With all these initiatives uh and also future uh sorry generally insurance you have seen 49:34 49 minutes, 34 seconds all from all these segments we have scope to get a good return whatever we have invested in all these initiatives 49:42 49 minutes, 42 seconds and all I am sure we will be able to maintain ROA one or above one. 49:48 49 minutes, 48 seconds s there's one general question uh there has been discussion in the market about potentially raising the foreign investment cap in TFU bank from current 49:57 49 minutes, 57 seconds 20%. But government has clarified it is not pursuing any increase in this bank. 50:03 50 minutes, 3 seconds So we are seeing around more than $6.5 billion inflow in private uh banks by the foreign institutions. So uh my next 50:12 50 minutes, 12 seconds question here is how central bank is going to attract long-term investment from the foreign capital or institutions 50:19 50 minutes, 19 seconds under the current ownership. Uh are we seeing uh any opening of uh a further 50:26 50 minutes, 26 seconds increase in this uh cap in 20% is to see as I told you in current quarter our 50:34 50 minutes, 34 seconds capital is enough for growth and all these things depends upon several approvals and several things. I am uh I 50:41 50 minutes, 41 seconds will not like to comment on on this aspect. Okay. Thank you sir. Thank you. 50:52 50 minutes, 52 seconds Thank you. Our next our next question comes from the line of Ashley Sununji from KC Securities. Please go ahead. 51:00 51 minutes Hi sir. Uh thank you for the followup. 51:02 51 minutes, 2 seconds Uh two questions sir. Um can you share what is the blended yield on your corporate loan book? That is one and 51:10 51 minutes, 10 seconds secondly you indicated earlier in the call that you expect to maintain your yield on advances around the current level. Um what what gives you the hope 51:20 51 minutes, 20 seconds that you can maintain it uh because the rep rate has been cut in December. So the EBLR book will get refraed as in the impact will be felt in the next quarter. 51:29 51 minutes, 29 seconds What gives you the hope that you can maintain it? 51:32 51 minutes, 32 seconds This length all corporate loan I'll give you offline. uh as far as the yield on advances and our uh belief that it will we'll be able to maintain two things. 51:42 51 minutes, 42 seconds One is because the CD ratio has improved. So definitely that should uh help us because we were at 66% when uh rate cut was announced and uh from 66% 51:51 51 minutes, 51 seconds we have now graduated to 72%. Going forward we expect uh to be around 7 74%. 51:57 51 minutes, 57 seconds So that in itself would uh help us uh ensure that our yield on advances remains remains more or less in this same line. 52:08 52 minutes, 8 seconds Okay sir. Understood. Thank you. Thank you. 52:17 52 minutes, 17 seconds Our next question come from the line of Devanchi Gupta from Eureka Stock and Share Broking Service Limited. Please go ahead. 52:27 52 minutes, 27 seconds Good evening sir. Am I audible? Uh yes you are audible. 52:34 52 minutes, 34 seconds Uh my question is like uh I have noticed that gross NP ratio in agree and MSME sector uh remains elevated. So could you 52:43 52 minutes, 43 seconds elaborate what is causing the stress within these sector? 52:48 52 minutes, 48 seconds See Agree and MSME both uh NPA is approximately five five%. 52:55 52 minutes, 55 seconds And uh still if I compare with other players it is actually uh not that much elevated side looking to the smaller 53:03 53 minutes, 3 seconds ticket size and number of uh impact by uh several uh factors playing in the catchment area. uh this is the stress 53:11 53 minutes, 11 seconds but no any uh I will say the significant impact to our poor asset quality or or anything I can tell you in this segment 53:19 53 minutes, 19 seconds in agriculture KCC is the major contributor to our uh slipage and uh in MSME segment government sponsored scheme 53:29 53 minutes, 29 seconds like uh Mudra and also some other ticket size like general MSME scheme uh we found uh some increased slippages we 53:38 53 minutes, 38 seconds have corrected it through policy modification and all in that way we are conscious of this fact and when we do 53:45 53 minutes, 45 seconds retail business certainly there are more chances of slippages particularly in this unorganized sector if I say 53:52 53 minutes, 52 seconds agriculture MSME there such kind of uh uh slippages happen but central bank of India has initiated uh integrated call 54:01 54 minutes, 1 second center fit on street things are there with technology propensity recovery models are uh in place and With all 54:10 54 minutes, 10 seconds these uh bot is there through which call centers are integrated with all these integrated approach we are uh 54:17 54 minutes, 17 seconds maintaining uh good asset quality and uh also one thing I would like to mention here what we have implemented now 54:25 54 minutes, 25 seconds improvement in great underwriting quality. 54:28 54 minutes, 28 seconds We have implemented one technological solution. Any proposal of retail, agriculture, MSME will first fil through 54:36 54 minutes, 36 seconds filtered through this technology go no go and uh then only this will go to the loan origination system for processing at 54:45 54 minutes, 45 seconds initial level selection level itself we are screening out the any potential uh account which can be become bad. What I 54:53 54 minutes, 53 seconds can assure you that with all these technological intervention at entry level, credit underwriting level and 55:01 55 minutes, 1 second also monitoring level, end to end we have initiated several steps to keep our assets healthy and we can handle large 55:09 55 minutes, 9 seconds number of assets at big scale also with all these technological capabilities enabled with human also in the loop. In 55:17 55 minutes, 17 seconds that way uh we we there is no such challenge to our asset quality in agriculture and MSME in coming quarters. 55:27 55 minutes, 27 seconds Uh one follow-up question on CD ratio like it has improved to around 72%. 55:33 55 minutes, 33 seconds And given that there is tight systematic liquidity condition and there are pressure on raising deposits like how 55:40 55 minutes, 40 seconds much additional headroom does management see to like increase the CD ratio like without uh raising the marginal cost of 55:48 55 minutes, 48 seconds funds and how is the bank like balancing growth with liability side sustainability. 55:57 55 minutes, 57 seconds See uh the target uh which we are have fixed for this uh quarter March Q4 56:04 56 minutes, 4 seconds quarter our CD ratio would be approximately 73 to 74%. 56:10 56 minutes, 10 seconds And uh we don't find uh any major challenge to our resources side because you know our city ratio is still 72 56:18 56 minutes, 18 seconds still scope is there and liquidity coverage ratio if you can say it is 203 uh also that that also sufficient 56:26 56 minutes, 26 seconds leverage uh we are we are having and the initiatives which we have taken towards kasa mobilization campaign a which I 56:34 56 minutes, 34 seconds already uh talked about with structured approach towards product process and technology and grooming people for 56:42 56 minutes, 42 seconds taking it forward. So resources is not going to be a challenge and credit side already I have answered your question that uh good uh proposals we are 56:51 56 minutes, 51 seconds getting. So our city ratio will certainly improve in Q4 and approximately uh it would be 73 to 74. 57:01 57 minutes, 1 second Okay. And last question like as you mentioned that uh we have made like 375 cr provisioning initial provisioning uh 57:09 57 minutes, 9 seconds in this quarter. So could you share like uh what is the expected uh provision which we could uh see in the next few quarters? 57:18 57 minutes, 18 seconds See ECL estimate you know we are having one of the highest provision coverage ratio 96.89 57:25 57 minutes, 25 seconds you are seeing. So that in that way in the asset quality is good, credit underwriting is good, provision already 57:34 57 minutes, 34 seconds done you see net uh net entry only 1,414 cr with that base we are prepared to 57:40 57 minutes, 40 seconds enter into the ECL and already provision till now we have done 1525 cr which includes 375 cr which we did in this 57:50 57 minutes, 50 seconds quarter and total estimation is rups 4,200 cr so more 2,675 5 cr more 57:58 57 minutes, 58 seconds approximately we have to make a provision for achieving this target by 1 April 2027 I am sure with the 58:05 58 minutes, 5 seconds profitability we we are going to make very easily we will migrate to ECL we do we will not have much challenge in 58:12 58 minutes, 12 seconds achieving this target thank you sir and congratulations on the good threat of numbers 58:20 58 minutes, 20 seconds thank you thank thank Thank you. As there are no further 58:28 58 minutes, 28 seconds question from the participant, I would like to hand the conference over to the management for the closing comments. 58:33 58 minutes, 33 seconds Thank you and over to you sir. Thank you and uh really uh it was good interaction 58:40 58 minutes, 40 seconds and again as concluding remark I want to uh assure uh market the guidance which we have given to the market in this 58:49 58 minutes, 49 seconds quarter. uh we we will achieve that and the kind of initiatives towards uh not only towards business numbers but 58:58 58 minutes, 58 seconds efficiency parameters are also our priority in that side customer service excellence is the mantra in that 59:05 59 minutes, 5 seconds direction providing handholding training to our frontline officers is also one priority in technology side also the uh 59:13 59 minutes, 13 seconds several things are there we are working towards uh improving adoption of these technological capab capabilities which 59:20 59 minutes, 20 seconds our bank has uh created with that uh we are having 34,000 plus uh centralite and 59:29 59 minutes, 29 seconds uh we are handholding them and you know create deposit ratio is big challenge for us 1,000 trade officers are being 59:37 59 minutes, 37 seconds prepared so that we have actually they are being groomed and trained similarly 90 days focused trade training program 59:44 59 minutes, 44 seconds we are doing uh and we are preparing our people as I told LDMS and uh also different set of officers we 59:52 59 minutes, 52 seconds are providing them handholding them good training so that they can uh take this organization forward in all the terms in 59:59 59 minutes, 59 seconds technology process simplification all these things we are doing so with this uh I can assure you the guidance which 1:00:07 1 hour, 7 seconds we have given to the market so sure we are sure and confident that we we will be achieved that thanks for your support 1:00:14 1 hour, 14 seconds and uh also uh I uh I am very happy that we got gave us opportunity to uh place 1:00:22 1 hour, 22 seconds our uh strategy and numbers in front of you. Thank you. All the best. Thank you so much, sir. 1:00:30 1 hour, 30 seconds On behalf of Antic Stock Broking Limited, that concludes this conference. 1:00:34 1 hour, 34 seconds Thank you for joining us. And you may now disconnect your link.