City Union Bank Ltd Q3 2022 Earnings Call Transcript

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

Question: Rohan Mandora - Equirus Securities Private Limited, Research Division - Analyst : Sir, the first question was on the employee count and we've seen almost 400-odd employee reduction in last 2 quarters. And if you look at employee head count, that was somewhere around 8.7%, 8.8% that's pre-COVID and it has come down to 7.8%. So do we -- would it be fair to expect that there can be some rapid addition to employees going ahead after we move to the CTC structure? Or is this the new structure that we are working with where the employee base will be lower? And if so, will the origination of new business be impacted? That was one. And related to the employee thing. Another thing that I wanted to understand was that as you move to CTC structure? How should one look at the cost changing? Will there be any adjustment on to that? And also, whatever are the pension linked provisions, will that be reversed or paid back to employees? How will that accounting work?

Question: Rohan Mandora - Equirus Securities Private Limited, Research Division - Analyst : Sir, just wanted to check on the strategy that we are following at a branch level of [10, 6, 3, 1]. So does that still continue? Or with CTC, we will look at some changes because when we are trying to focus more on efficiency than maybe depending upon the geography or depending on the capability of an individual and they may look to do some other set of businesses or maybe target on certain set of products. So how do we look forward to change that?