• Long-term growth guidance: The company maintains its Lakshya 2031 target of a 20% CAGR over five years, though it is willing to grow at 20% plus if favorable, risk-calibrated market opportunities arise.
• Gold loan expansion: Growth tempered in April to comply with new RBI guidelines, but disbursements recovered in May and June, keeping the company on track to open 500 new gold loan branches this year.
• Disbursement calibration: Management consciously reduced disbursements by 1,000 to 1,200 crores across personal loans, loans against property, and SME portfolios to preserve risk metrics amid macro and geopolitical uncertainties.
• Rural asset quality: Despite a three-week monsoon delay that softened June microfinance disbursements, early warning indicators show no material deterioration in collections, bounce rates, or stage 2 asset formation.