What is your guidance on your credit-deposit ratio?
The improvement in our bank's CD (credit-deposit) ratio for Q2FY25 is primarily due to an increase in credit growth. In contrast, deposit growth has been relatively lower. When deposit growth lags, a higher credit growth naturally leads to an improved CD ratio.
A year ago, our CD ratio was 67.25 per cent, and it has now reached 71.77 per cent. This improvement is largely a result of the credit growth. Regarding our deposit growth, over the last three to four quarters, we observed the following trends: In September 2023, deposit growth was only 6 per cent, aligning with a CD ratio of 67 per cent. During that period, we had no immediate need for funds, so we chose not to aggressively pursue deposit growth, especially given the high costs associated with bulk deposits. We are focusing on maintaining our Casa ratio, which has remained around 38 per cent over the past four to five quarters.
What have been the total recoveries made so far?
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