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
: So firstly, if I may just start off, given that you all are meaningful players in the credit card market and revolver shares across the industry are down.
Just what are your thoughts on what will it take to improve? What are the levers to offset that as a credit card player?
Question: Piran Engineer - CLSA Limited, Research Division - Analyst
: Nothing to offset that, like...
Question: Piran Engineer - CLSA Limited, Research Division - Analyst
: Okay. Fair enough. And my next question, basically in the last con call, we discussed what sort of yield hikes have been taken in fixed rate products.
And in the last 9 months, it was about 50 to 70 bps. Have we seen further rate hikes in fourth quarter? And are we expecting in FY '24 -- the basic
reason of asking this is that in the last 1 year, home loan players have passed on the entire cost of funds to their borrowers whereas auto loans,
personal loans, these guys who you would have thought would have been able to pass on have not been able to pass on the entire increase in
cost of funds, which is pretty counterintuitive. So just wanted to get your thoughts on that.
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APRIL 26, 2023 / 1:00PM, BJFN.NS - Q4 2023 Bajaj Finance Ltd Earnings Call
Question: Piran Engineer - CLSA Limited, Research Division - Analyst
: Have we hiked after December?
Question: Piran Engineer - CLSA Limited, Research Division - Analyst
: Till December, it was 60, 70 bps.
Question: Piran Engineer - CLSA Limited, Research Division - Analyst
: Okay. Okay. And if I just may squeeze in a yes or no question.
Now with this removal of commission caps for insurers, any meaningfully higher distribution income possibility for you all?
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