Highlights:

Disbursement was up by 27% in Dec 17 quarter on YoY basis and stood at Rs 12301 crore. Strong uptick in demand across all categories.

Loan sanctioned grew by 30% in Dec 17 quarter on YoY basis. Affordable housing segment is showing strong growth.

Of the outstanding portfolio of around Rs 156176 crore as on Dec 17, retail home loans account for around 82.6% of total book, LAP was around 13.2% and rest was from developer loan book.

However overall net Loan growth stood at 10-11% only due to exits of around Rs 19000 crore of loans due to take over. Expects take overs to be lower going forward and loan book to grow by around 14-15%, net of such exits.

NIM stood at 2.33% for Dec 17 quarter. New loans are happening at lower rates plus lot of re-writing of old loans which affected the margins.

Despite pressure on G sec yield, incremental cost of borrowing for the company stood at 7.38%.

Around Rs 20000 crore of high cost NCD will come for reprising in FY 19. The cost of these NCD is at around 8.5%, which the management believes will be lower on reprising and help the overall reduction in cost of funds. On Asset side, most of reprising is over and now only Rs 3000 crore worth of assets will be reprised in FY 19.

Thus NIM will improve going forward even though there may not be any increase in incremental yield on advances.

Total project loan disbursement stood at Rs 3200 crore in FY 17 which should be around Rs 5000 crore in FY 18. Expects project loan book share to increase going forward which will help in overall increase in yield.

NPA's increased in Dec 17 quarter. Rs 120 crore was added to NPA in Dec 17 quarter on QoQ basis. Expects NPA to have peaked out and post Mar 18 quarter, NPA % should come down.