BANDHANBNK / Q2-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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WatchQ2-FY24 · 2023-10-20Back to quarter ↗

Questions audited

Answered directly

55%

Numeric claims

Consistency

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Question ledger

What was answered, and how?

Mahrukh Adajania · Nuvama Wealth Management

evasive

Will SME slippage run rate continue next quarter?

H2 historically has always been a better half... we expect this to reflect in the slippages number also going forward. And also, as I mentioned earlier, the recoveries will continue to improve.

Mahrukh Adajania · Nuvama Wealth Management

declined

Can you provide a slippage run rate for 2H?

So we don't want to put a number, but for that very reason, we've added 2 more blocks into our presentation... it gives us the confidence that the steady state credit card guidance that we've been giving is in line with that.

Gaurav Kochar · Mirae Asset

declined

Can you provide DPD by vintage instead of NPA?

That is not, not in hand now. It is not in hand now.

Gaurav Kochar · Mirae Asset

partial

Is there a case to increase PCR given low recovery rates?

As far as our PCR on the EEB book goes, we are at 85%... the coverage on the unsecured book is already at an elevated level of 55%.

Gaurav Kochar · Mirae Asset

declined

What could be the slippage or credit cost run rate going forward?

We don't want to put a number to it today, but the DPD pool has substantially come down quarter-on-quarter, so we expect the slippages also accordingly to reflect that change.

Jay Mundra · ICICI Securities

direct

How are you looking at cost of funds incrementally?

We feel that it will be 20 basis points or 25 basis points going up, next 2 quarters. But it will be compensated with higher yield, so we will remain in the range of 7-7.5 on the mean side.

Jay Mundra · ICICI Securities

direct

Are you confident of 20% AUM growth despite negative YTD?

We saw that there is an normally, Q2 always has been taken the time to balance the March figure... the Q3 will be like to exceed the YTD, and the March it will become to this, the nearly 20%.

Himanshu Taluja · Aditya Birla Mutual Fund

partial

Why is fresh flow into DPD still high at 3-4%?

On a steady state basis, we still expect about 2.5% to be the flow, and then there would be a recovery from there. And which would bring us to that desired level of credit cost.

Saurabh Kumar · JPMorgan

direct

Why has interest on advances not gone up despite repricing?

The growth for the quarter has been backended... July and 1H of August, we were still degrowing... the average for the quarter is lower than Q1, and that's precisely why my interest income is lower.

Prabal Gandhi · Ambit Capital

direct

Was there a one-off in savings deposit growth this quarter?

There has not been any element of volatility in our book... as we've now increased the savings bank's rates as well, we see a stability in the savings bank deposits.

Prabal Gandhi · Ambit Capital

direct

Is there a change in strategy to increase group loan share?

The idea was never to degrow the EB or a group loan book. The idea was that the other businesses will pick up faster so that our secured, unsecured balances make up.

Prakhar Agarwal · Elara Capital

direct

What changed on CGFMU recovery timeline?

In the second tranche, there is an audit happened, and given that audit has happened and there are certain queries raised, so we are answering all of those queries.