AU Small Finance Bank Ltd Q1 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Abhijeet Sakhare - Kotak Securities (Institutional Equities) - Analyst : First question is on collections. If you could quantify the absolute amount of collections in the first quarter? And a related question is, if you could also share the inter-quarter movement of the moratorium book at the end of April and May? And then a clarification on moratorium is, would it be fair to assume that the 25% of AUM, which is not paying either part or full, also includes the moratorium book?

Question: Abhijeet Sakhare - Kotak Securities (Institutional Equities) - Analyst : Okay. Sir, just sorry to insist on this one. When we look at the ALM tables in the annual report, the scheduled collections were somewhere around INR 1,300 crores to INR 1,400 crores. So just a little surprised given the difference between the 2 numbers. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JULY 24, 2020 / 4:30AM, AUFI.NS - Q1 2021 AU Small Finance Bank Ltd Earnings Call

Question: Abhijeet Sakhare - Kotak Securities (Institutional Equities) - Analyst : Yes.

Question: Abhijeet Sakhare - Kotak Securities (Institutional Equities) - Analyst : Got it. Sir, second question is on the Wheels book, if you could share the disbursements in the cash on Wheels? And would it be fair to say that the entire cash on Wheel book is towards the existing customers?

Question: Abhijeet Sakhare - Kotak Securities (Institutional Equities) - Analyst : Sir, Bhaskar, sir, just further clarity on this would be, what would be the overlap between customers using cash on Wheels and those against the moratorium?

Question: Abhijeet Sakhare - Kotak Securities (Institutional Equities) - Analyst : Okay. And last question is what's -- how big is the non SLR book? And is it fair to assume that some of the NBFC exposure is now kind of shifted to the investment book, given the loan book has declined sequentially?

Question: Rohan Mandora - Equirus Securities Private Limited, Research Division - Analyst : Sir, would it be possible for you to share, out of the 4 months of collection that have happened from March till June, what percentage of customers would have paid all 3 or 3 -- all 4 or 3 EMIs high value?

Question: Rohan Mandora - Equirus Securities Private Limited, Research Division - Analyst : So just trying to understand like, because 11% would have not paid anything from March and remaining, they are making some payment. So just to get some color on what percentage of customer would have made all the payment. Any idea on that?

Question: Rohan Mandora - Equirus Securities Private Limited, Research Division - Analyst : Sure, sir. Also sir, in case you can share some color on within the commercial segment of the passenger vehicle , like the trend that you have shown on Slide 25 and 26, what would be the numbers for that segment?

Question: Rohan Mandora - Equirus Securities Private Limited, Research Division - Analyst : Sure. So in case qualitatively, you can share like what kind of income trends are you seeing in that segment? Because what we are understanding is that still the incomes are very challenged for that segment across geographies?

Question: Rohan Mandora - Equirus Securities Private Limited, Research Division - Analyst : Sure, sir. And sir, lastly, on the deposit side, roughly around INR 8,000 crores of deposits were refinanced on a quarterly basis, and this quarter around INR 10,000 crores. If you could share, what is the split between, say, the retail term deposits and wholesale in this? And also just on the addition on that. And as per the ALM, the number of proportion of deposits in less than 1 year as of FY '20 end has increased to 70% vis-a-vis 62% last year. So any specific strategies that we are following to increase the longer-term deposit incrementally?

Question: Rohan Mandora - Equirus Securities Private Limited, Research Division - Analyst : Sure, sir. And sir, mix of refinance within the quarter between retail term deposits and wholesale out of the INR 10,000 crores, the data which is given on Slide 5.

Question: Rohan Mandora - Equirus Securities Private Limited, Research Division - Analyst : Yes, because the term which is incremental funds raised during the quarter is INR 10,000 crores in 1Q FY '21. So -- and that was INR 7,700 crores in 4Q and INR 8,500 in 1Q FY '20. So just how it is split between, say, wholesale term deposits and retail between the incremental term -- incremental funds raised?

Question: Rohan Mandora - Equirus Securities Private Limited, Research Division - Analyst : Sure, sir. And sir, just 2 data points, what is the headroom for further PSLC sales during the year? And also any unbooked MTM pressure against that which -- on which we are on the quarter, at the end of the quarter?