Sashidhar Jagdishan

We are in the midst of a very challenging macro environment with tight liquidity conditions, signs of moderating urban demand, a tepid private capital expenditure programs, volatility and depreciation of the Indian rupee.

We are on track... You will see this in FY26. You will see a step up. And FY27, you will see a further step up.

We will bring down the CD ratio faster than what we had anticipated in the past.

We want to be extremely well-positioned when the positive cycle probably changes in the next two to three years.

The deposit momentum is not something that you can- it's an overnight plug-and-play.

We would like to desist from providing any guidance of any form, as it is providing a distraction from our long-term objectives.

Are we happy with the kind of numbers that has come about? Not really. It has fallen short of our expectations.

We will be growing slower in our advances as against our deposit growth. This is not something new.

We are not a quantity player, whether for liabilities or whether for assets as well. Our focus is on quality, which is a balance between risk and margins.

We will have our day when the proportion of borrowings comes down. And when that will be there, we will have enough momentum in terms of funding, which we can then unleash in terms of growth as well.

We are not person-dependent. We are process-driven and process-dependent. And that's the beauty about this organization. It's an auto engine.

I can categorically say that the bank will not incur any incremental costs or losses on account of this book into our P&L going forward.