• Margin corridor guidance: Supported by high-yielding loan growth and a 67 bps year-on-year drop in borrowing costs, NIM plus fee reached 10.47% and is guided to remain sustainably within 10% to 10.5% under Lakshya 31.
• Disbursement run-rate target: Total disbursements hit a record ₹24,100 crore in Q4 on robust growth across personal loans (98%), 2-wheelers (58%), and rural business finance (40%), with targets to scale monthly disbursements from ₹6,500–7,000 crore to ₹9,000 crore.
• Credit cost trajectory: Management expects credit costs to drop from 2.64% to 2.0%–2.25% by Q4 FY27 exit and sub-2% in FY28, driven by AI underwriting via Project Cyclops and rural business collection efficiency recovering to 99.80%.
• ROA expansion roadmap: The company targets an ROA of 3.0% to 3.2% by bringing combined operating expenses and credit costs down to ~6%, alongside branch additions of ~500 gold loan and 150–200 micro loan/LAP outlets in FY27.