Shubhranshu Mishra · Philip Capital
directHome loan percentage and prepayment levels, BT-out details.
So the question, first question is on the HL. I think HL we engineered, 50.45%. 50.45% because, that's not home loan. There is a HL definition, which is a regulatory definition, where we are required to be 50% of the total assets, which includes the investments and the cash buffer what we hold. So that number is 50.45% , which is a regulatory number, which is different from the home loan composition of the balance sheet.
Shubhranshu Mishra · Philip Capital
directWho are the competitors getting BT-out?
This is largely the banks. Public sector banks are the largest company, followed by HDFC or ICICI. Largest is public sector.
Shubhranshu Mishra · Philip Capital
directRegulatory observation on HL contraction and portfolio buyouts.
The question is, Shubhranshu, because see, regulation says 50 and 60. As long as you are above 50 and 60, there is no ticker from a regulator which can be there on the number what should be there. Because that's a regulation. We remain. There has not been any single month because this regulatory report has to be submitted every month, not at a quarter or a year. We have been submitting this report every month end. There is no single month till now in our history where we have not maintained the regulatory requirement.
Gaurav Khandelwal · JPMorgan
partialReason for margin decline and lowest sourcing rate in home loans.
Margin decline of 12 bps is largely led by lower acquisition price and also 15 bps of a pass-through what we have done in our PLR in December. The full impact of that 15 bps of a pass-through what happened on in terms of in December came in the current.
Gaurav Khandelwal · JPMorgan
directWill yields remain stable in Q1?
So yields in quarter one. There would be slight compression we'll see there also, while cost of fund side also we'll see some marginal benefit of 3 to 5 basis points. On the yield side, we may see a slightly higher impact.
Gaurav Khandelwal · JPMorgan
directWill FY27 ROA be above medium-term guidance?
We should be towards the upper end of the medium-term guidance, may not beat that. Leverage doesn't have an impact on the ROA. In fact, it compresses ROA.
Raghav Garg · Ambit Capital
directSegment-wise on-book yields for FY26.
Broadly at a portfolio level, Raghav, home loans will around 8.50%-8.60% corridor. LAP would be around 150 basis points above that. LRD around 7.98% corridor. Developer finance would be 11.5%-11.75% corridor.
Raghav Garg · Ambit Capital
directIncremental yield on home loan book.
Incremental average would be +8%. 8.10%, 8.15%. Because we are seeing average, because this is inclusive of near-prime, affordable prime, everything put together. Incremental will be 8.05%, 8.10%.
Viral Shah · IIFL Capital Services
directNeed for further PLR reduction and share of floating rate borrowings.
Viral, if there is no repo rate hike, I don't think the, I think the scenario of a cut off prio- rate is over. Because if we are looking at to cost of funds to marginally inch up, the marginal cost of fund is already up in quarter four, and it is given the after loss, it's looking up.
Viral Shah · IIFL Capital Services
directReason for stage two PCR increase and early delinquency trends.
No. So, Viral, in our portfolio in all the metrics, whether it's a first bounce or first 12-month bounce, early bounce, whether it is prime, non-prime, affordable, LRD, in any case we don't have lab. All the bounce metrics also are showing a downward trend.
Abhijit Tibrewal · Motilal Oswal Financial Services
partialWhy ROA decline of 10 bps despite offsetting factors?
Abhijit, we in the prime market, the market which we operate, it is the banks which set the rate. It is SBI and HDFC who are the rate setters. We are not the rate setters.
Nischint Chawathe · Kotak Securities
partialTrends in fee and assignment income relative to loan growth.
Loan growth, Nischint, we would want to be significantly ahead, the way we always want to grow 2x of industry. That is what we always stated, and we want to grow, and we want to continue. There is no change in the growth chance of the company.
