NII,NIM, PPoP increased YoY.
Also npa increased both Gross and net. Is it the same reason which MD Ittiras Davis mentioned about impact of farm loan wavier in haryana. Even in con call he mentioned the same.
I’m just thinking the results are in-line with the expectations. As the stock corrected a lot after the commentary on the loan wavier in haryana few weeks back and it is priced in.
ROA no guidance in concall as it depends on product mix, and they are trying to build on secured loan book.
But ROE is something they are guiding it can be maintained.
There is information on applying license for universal banking, but management didn’t comment on the impact as it is too far fetched at this point of time to comment on.
Please add on if anything is wrong or missed.