Transcript of earnings call held on October 16, 2026 for the quarter and half-year ended September 30, 2026

AI summary - H1 FY27: deposits 50,643 Cr +29.2% y-y; loan book 45,699 Cr +32.1% y-y - NIM at 8.4%; cost of funds stable at ~6.9%; Q2 PAT 365 Cr, ROA 2.4%, ROE 19.7% - Secured loans 52.1% of book; micro banking growth guided 12-14% for FY27 - Asset quality steady: GNPA 2.1%, NNPA 0.3%, credit cost 0.7% ATA; slippage 1.6% - Capital raise of 409 Cr planned, improving CRAR by 1.2% pro forma - Margin guidance: NIM expected ~8.35% in H2FY27 after 25 bps repo hike - Opex to ATA ratio expected ~6.2%, lower than prior 6.4% guidance - Insurance income under regulatory review; currently ~50% from credit life - MD search ongoing; expected completion in 3-4 months from Sept 2026 - Management sees limited drought impact on collections; diversified state presence - Growth focus on secured assets with 5% annual increase in secured share - Multiple analyst queries on margin, asset quality, growth, and capital plans