Earnings Call Transcript

AI summary - Q1 FY27 net profit INR1,176.93 Cr, +36.57% y-y; EPS INR19.15, +36.06% - NIM improved to 3.33%, +39 bps y-y; cost of funds down 21 bps to 5.25% - CASA ratio up 188 bps to 32.23%; CASA balances INR103,163 Cr, +18.26% y-y - Advances grew ~15% y-y; strong growth in commercial banking (+23%), CV/CE (+21%), retail (+11%) - GNPA improved to 1.52%, NNPA 0.18%; credit cost down 24 bps y-y; slippages down 38% y-y - Guidance: mid-teens plus loan growth with positive bias; NIM to improve 5-6 bps per quarter - ECL transition impact estimated 1.5-2% of net worth; no material P&L impact expected - New Chairman appointed; acquiring Standard Chartered India credit card portfolio - Secured investment-grade international credit rating from S&P; opened FCNR deposit product - Management confident on medium-term objectives and consistent core franchise execution