Sn the guidelines put out by RBI on Feb 12, the MD felt that it is a good stepping stone as the IndAS gets introduced. IndAS does recognise SMA0, 1 and 2.

The new RBI guidelines will bring in discipline as the playing around and tinkering with recognition norms will be gone.

The NCLT is well-drafted. A little bit of turbulence can be expected in the initial implementation phase.

It is most likely coming from those people who missed the bus one way or the other and are appealing now. That process is part of the norms in NCLT.

The first resolution has happened with somebody taking over Electrosteel. The others also are in the pipeline.

Every year, company guides credit costs at 50bps. More than a guidance, the bank aspires for 50bps credit costs.

Indusind is seeing resurgence in the vehicle finance book where the more you earn, the better you pay.

Improvement is expected on the retail side of the business which will get reflected in the credit costs.

The bank has no LoU exposure.

There is two-digit legacy exposure to the smaller diamond account, which the bank has treated as fraud and provided for.

The bank book is absolutely clean.