AUBANK / Q2-FY25 / claim-ledger

Audit the questions that mattered.

AU Small Finance Bank · Analyst questions, management answers, and the quality of the response where the ledger is available.

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WatchQ2-FY25 · 2024-10-24Back to quarter ↗

Questions audited

Answered directly

64%

Numeric claims

Consistency

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Question ledger

What was answered, and how?

Renish Patel · ICICI Securities

partial

Confidence in sustaining NIM at 6% without rate cut till March 2025?

We expect that our NIMs should get protected close to 6%. And it's very early... there may be a rate cut in, even in December also... So overall, there is enough room for us to protect NIM.

Renish Patel · ICICI Securities

evasive

Impact of RBI circular on foreclosure charges for SME customers?

I would want to wait for the clear guideline because governor only spoke briefly... So we haven't done any calculation. But if foreclosure charges gets waived on the variable book, then it won't be a much impact.

Kunal Shah · Citigroup

partial

Will MFI catch-up offset improvement in secured, keeping credit cost at 1.28%?

Absolutely, you are spot on... we want to really play safe there and hope that secured assets will pull back, and we might have extra cost on MFI... but still we want to protect our ROA of 1.6%.

Kunal Shah · Citigroup

evasive

How will LCR be improved given draft circular and current 112% level?

Circular is in WIP... as of now, anything around 115, we are very comfortable... we haven't discussed much internally till now because there is no clarity... we'll comment once that circular comes.

Nitin Aggarwal · Motilal Oswal Financial Services

partial

Is credit cost guidance of similar to H1 due to conservatism or expected Q3 worsening?

My worry is more on MFI... we need one more quarter to really assess the real impact... I want to really play conservative rather than more aggressive here, because there are little unknowns.

Nitin Aggarwal · Motilal Oswal Financial Services

direct

Mix of slippages between secured and unsecured assets?

From the unsecured side, the slippages came around 33% out of the total slippage during this quarter. That is from the secured side. The unsecured piece mainly constitute of credit card and the finance personal loans.

Nitin Aggarwal · Motilal Oswal Financial Services

partial

How will exposure to borrowers with 5+ lenders move and when will credit cycle end?

We have 8% of our borrowers who have taken loans from more than five lenders... I personally believe this number will gradually decline over the next few months in our portfolio.

Pritesh Bumb · DAM Capital

direct

Is CASA growth driven by bulk deposits or sustainable factors?

CASA grew 8% quarter on quarter... It's not chunky money... all the verticals towards CASA... that has come. It's not chunky money, as you said, but I think transition money is there.

Pritesh Bumb · DAM Capital

direct

Which geographies are problematic in MFI portfolio?

The more difficult states are... Bihar state which is slightly more challenging. The second most challenging state is Odisha. The good news is that our Bihar state is actually the eighth largest state, at about 7.86% of our microfinance portfolio.

Shailesh Kanani · Centrum Broking

direct

Have you taken CGFMU cover on MFI portfolio and what percentage?

On CGFMU, the answer is till last financial year, we have not taken any cover. We have only started taking the CGFMU cover from this quarter. So, the standalone Fincare Bank, we have not taken any cover for CD from the portfolio on PCR bank.

Pranav (JP Morgan) · JP Morgan

direct

Can incremental spreads continue to be better than backbook spreads?

All our core assets... Wheels, MBL, housing, everywhere we have enhanced disbursement yields... It should sustain at higher than at least on the bookings going forward also.

Rohan Mandora · Equirus Securities

direct

Why was employee cost flat despite 11% higher disbursements? Any change in payout structure?

We remain very focused in terms of the productivity levels... we haven't stopped any kind of investment... we got around 140-odd branches from Fincare, so we haven't done any kind of branch expansion this year.