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: Mahrukh Adajania - Elara Securities (India) Private Limited, Research Division - Analyst
: Congratulations. My first question is on the movement of NPAs during the quarter. So slippages are around [47 billion]. Could you give us the
breakdown of upgrades and write-offs recovery?
Question: Mahrukh Adajania - Elara Securities (India) Private Limited, Research Division - Analyst
: Okay. And my question on slippage is that of -- this [47 billion] or 1.66% would include pro forma of the previous quarters, right? So what will be
the quarter -- or slippage for the quarter excluding pro forma of the previous quarter?
Question: Mahrukh Adajania - Elara Securities (India) Private Limited, Research Division - Analyst
: Correct. So this is the slippage for the quarter.
Question: Mahrukh Adajania - Elara Securities (India) Private Limited, Research Division - Analyst
: Okay, got it. My last question is on technology. So to address all issues that RBI would have weighed, how long do you think will it take you? I mean
obviously you will have already started work, but how long will the total upgrades take you? How many months? And would RBI's removal of the
ban be contingent on completion of the upgrades, or will it happen in the interim only?
Question: Mahrukh Adajania - Elara Securities (India) Private Limited, Research Division - Analyst
: Got it. And medium term would mean 6 months from now. Or...
Question: Mahrukh Adajania - Elara Securities (India) Private Limited, Research Division - Analyst
: From now. Okay, okay.
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