Amitabh Chaudhry

I'm hoping that in the next 15-18 months, the deposit growth will stabilize at similar levels as credit growth because there is no option.

We wish we had better answers for some of the one-offs, but hopefully, there won't be other one-offs as we look into the future.

We believe large, well-capitalized banks like Axis, with strong digital capabilities, innovative product suites, are best placed to capitalize on the India opportunity.

We have also demonstrated a controlled increase in cost of funds over the last eight quarters, with only seven basis points increase in the last four quarters.

I do believe that MSME will be what retail was, or MSME will be over the next decade what retail was in the previous decade.

The Q1 FY25 annualized net credit cost is not reflective of the credit cost we believe as a franchise we can run through the full year because it's impacted by timing differences.

We have now operated at a 25 basis points squeeze in our through-cycle margin for a couple of quarters. We will make all efforts to ensure we retain as much of the margin as we possibly can.

We have delivered our aspirational return ratios with better quality and consistency of earnings while maintaining a strong balance sheet position.

We have improved our LCR outflow rates by 500 basis points in the last two years, which is among the best in the sector today.

We have said that we'll maintain the 400-600 basis point differential between industry and our growth rate. Don't hold us quarter to quarter, but yes, in the medium term, we believe that we can maintain it, and we are not changing it.

In a deposit-constrained environment, we will obviously have a waterfall, and in that waterfall, we will push businesses which give us a better return.

The current level of 18%+ ROE is delivered at a much lower risk-weighted asset intensity than in the past. This has helped the bank become self-sufficient on capital.