Rajeev Mantri
Chief Financial Officer
Notable Quotes
The guidance we had mentioned was between 1.6% to 1.7% by the exit of FY 2027, which is by Q4 FY 2027, give or take 10 basis points. We will still endeavor to work towards that.
We are confident that in Q2, we saw a bottom of the NIMs, at least for this financial year, and therefore some further improvement should be expected from these levels.
We expect the margin should improve from these levels. This could be sort of the bottom point, at least during the financial year.
The increase in the EV SMA zero book is primarily attributable to a procedural change relating to the raising of installment demand on holiday.
We have seen a steady decline in the slippages from the levels of INR 1,300 crore in the first three quarters of last year to INR 1,017 crore in the last quarter to INR 891 crore in the immediate quarter.