The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Piran Engineer - CLSA Limited, Research Division - Analyst
: Congrats on the quarter. Just wanted to understand your NPLs in B2C, both urban and rural are pretty much similar, but we have green in one and
yellow in one. And same thing for SME, which is an unsecured product, NPLs of 1.25%. So I just wanted to understand why we treat them as different
in terms of our outlook? And secondly, will we expect -- like we've seen growth in rural B2C slowing down this quarter, will be expected to slowdown
in SME and urban B2C next quarter onwards?
Question: Piran Engineer - CLSA Limited, Research Division - Analyst
: Sorry, when you get 90 -- I thought it was 1.19%. I'm looking at Slide 48. So am I reading it...
Question: Piran Engineer - CLSA Limited, Research Division - Analyst
: Yes.
Question: Piran Engineer - CLSA Limited, Research Division - Analyst
: Okay.
Question: Piran Engineer - CLSA Limited, Research Division - Analyst
: Yes, the only confusion is Slide 48 and 52 because 48, when I just look at the numbers numerically, okay, fine, this is GNPA and you're referring to
Stage 2. Fair enough. Sorry, carry on.
Question: Piran Engineer - CLSA Limited, Research Division - Analyst
: Got it. Got it. And just secondly, on your LRD book, and that's been a strong growth driver, can you just give us some more color on the book in
terms of how much of it is, say, malls versus offices or who the type of landlords are, et cetera? I know in the past you said that it is even safer than
LAM, but...
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OCTOBER 17, 2023 / 12:30PM, BJFN.NS - Q2 2024 Bajaj Finance Ltd Earnings Call
Question: Piran Engineer - CLSA Limited, Research Division - Analyst
: Yes, no, no. That's fine, but some comfort around it because it's grown to like $2 billion now.
Question: Ashish Sharma - ENAM Asset Management Company Pvt. Ltd - Analyst
: I'm not sure if it is repetitive. Rajeev, so just your comments on -- I mean, we've heard that regulator has been mentioning of late being a little
concerned on the growth on unsecured loans. I think in the press conference, they had clarified their concern on the growth part only. But what's
your sense of the noise around the unsecured loans?
Question: Ashish Sharma - ENAM Asset Management Company Pvt. Ltd - Analyst
: And in case like what we are hearing in terms of preventive action, the raising of risk weight limits, does that even -- I mean, there would be some
impact on the profitability. But overall, it doesn't sort of change anything, I mean, from an overall perspective...
Question: Ashish Sharma - ENAM Asset Management Company Pvt. Ltd - Analyst
: Perfect. And just lastly on BHFL. So we will be raising INR 10,000 crores. So do we need to even infuse over the next 12 to 24 months in BHFL, I
mean, anything above what we have already invested?
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