Kunal Shah

“So, in terms of this entire cost of borrowing 25 basis points, if I look at the mix, in fact, PSL is still coming down sequentially from 26 to 23 odd percent. And CPS is something which is going up from 5 to 8.”

“Firstly, with respect to the guidance on spread, so we are saying it's a 2025 bps decline in terms of the margins from, say, the F526 levels. So FY26 was 3.9. We are already at 3.7.”

“Firstly, again, coming on to this entire deployment of liquidity question. So if you look at it, money was utilized in terms of repaying the borrowings. Borrowings are down, and then there is some liquidity which is parked in the cash bank balances and the investments.”

“So, firstly, on this entire corporate growth, so last two, three quarters, we have been recalibrating the balance sheet, and this quarter, The overall wholesale growth is almost 11% quarter-on-quarter with large corporates at 16.”

“So firstly, on margin, so now we are almost down to 3.4% borrowing has also come up to 11% and we had highlighted that it can come down to eight times so not much room left out there.”