• Operating performance improvement: Net interest margin rose 17 basis points to 5.93% in Q4 alongside cost of funds easing to 6%, lifting normalized quarterly profit by 48% to 746 crore rupees after adjusting for one-off fraud and treasury losses.
• Credit cost trajectory: Credit cost decreased to 1.63% in Q4 on reduced microfinance slippages and is projected to stabilize between 1.70% and 1.80% across FY27.
• Deposit growth outlook: Despite a sequential dip in CASA to 49.8%, management aims to sustain CASA around 50% and expects deposit growth to rebound above 20% in FY27, starting with 4% to 5% sequential growth in Q1.
• Capital raise plans: The bank plans to execute one round of equity capital raising toward the end of FY27 to support projected 20% loan growth and achieve an ROA above 1%.