Jana Small Finance Bank · tone and specificity signals across the available quarters.
Language signals
It kind of cemented quarter 4 because quarter 4 was a really... MFI is behind us. We have a very strong secured book and first time we saw the PAT really come through. This is second quarter following that and it's a very important quarter from that perspective and being the first quarter of the year where things get a bit difficult that this is ending like this gives us great confidence.
The big change has already happened which is the unsecured book is no more a problem. Secured book is never a problem. So as long as we just keep our head down and execute, you'll absolutely be fine.
We will claim 65 crores in Q3 itself... Our NNPA is 214 cr against which the covered portion which is the guaranteed portion is 196 cr. So which leads to uncovered portion of only 18 cr. So we are mostly covered in terms of either we have provided or it is covered.
We are seeing stable because of our focus even on bulk wherever we have bulk is one year and above. Our retail continues to 1 year plus. We have some work to do here because we would like to continue to maintain our 23-24% year-on-year growth in the total liability franchise.
What we were hoping to see in quarter two, we have finally seen in quarter three. So we are quarter late in what we thought would be a bottoming out of all issues specifically the slippages and SMA trend but we have seen that decisively happen in quarter three.
Our unsecured block had a slow growth. It costed us a nimic operation of 20 bits. Now the growth is back. We should expect positive contribution on NIMS.
We were a bit more ambitious on what quarter 2 will do to quarter 1 slippages and hence did not go in for a big provision in quarter 1.