BANDHANBNK / Q1-FY24 / claim-ledger

Audit the questions that mattered.

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

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WatchQ1-FY24 · 2023-07-20Back to quarter ↗

Questions audited

Answered directly

83%

Numeric claims

Consistency

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Question ledger

What was answered, and how?

Mahrukh Adajania · Nuvama

direct

Timeframe for ECLGS NPLs to leave the book via guarantee recovery.

Hopefully, in another 3 months or max 3-6 months, we should be able to recover the entire ECLGS claim.

Mahrukh Adajania · Nuvama

partial

Expected quarterly accretion to SME pool from now on.

Normally with 98% collection efficiency, that accretion should not be more than 2%... We expect the slippages number to reduce starting second quarter onwards.

Mahrukh Adajania · Nuvama

direct

Expected recovery through income statement from ARC sale in FY24.

Both put together, it's about INR 270 odd crore in Q1, and as I said, Q1 is historically the weakest quarter, so that's the minimum we should look at.

Nitin Aggarwal · Motilal Oswal

partial

Interest reversals during the quarter and margin outlook.

ECLGS, we had reversed the interest long back... For the other businesses, that reversal number, I'll just get that number and I'll tell you.

Jai Mundhra · ICICI Securities

direct

Total provisions including contingent and EEB.

The total provision as on June end stands at INR 57.5 billion.

Jai Mundhra · ICICI Securities

direct

PCR on non-MFI businesses and breakup.

On the SME loans, we are covered around 58% in terms of PCR. The retail is about 45%, and the housing is about 40%.

Saurabh Kumar · JP Morgan

direct

Expected credit loss on the 2% slipping into SMA.

Then on the incremental side, it should be around 2.5%. On the EB portfolio.

Prakhar Agarwal · Elara Capital

evasive

Reason for adding 20 bps variance to credit cost guidance.

No, no, I'm not confirming that, right? We would want to keep that something in our hand for future, which is unknown. Our endeavor is to keep it within 2%.

M. B. Mahesh · Kotak Securities

direct

Whether INR 920 crore slippages from EE book include one-offs.

No, that has no one-off. It's not.

Abhishek Murarka · HSBC

direct

NIM sustainability and cost of deposit trajectory.

Clearly, we've given a range of 7%-7.5%, and we absolutely not see any reason why should we change that range.

Manish Shukla · Axis Capital

direct

Average cost of term deposits and marginal TD rate.

About 7.1%.

Puneet Balani · Macquarie

direct

Reason for large slippages from non-EEB pool.

If you compare it with the last year's first quarter, there itself, we had a slippages of about INR 950 odd crore... This is not something unusual. That's the seasonality which always play out.