ROA, ROE numbers look a bit elevated due to lower provisioning this quarter.
VV has guided for 1.5% credit cost, with that expectations - provisions for the quarter should have been 510cr but, they have provided only 308cr. ( Upcoming quarters will have >1.5% credit cost to compensate for this).
Factoring in 1.5% credit cost, PAT Would have been 330cr . ROA & ROE would have been 0.68% & 6.5%.
Directionally a great quarter and should put the bank at double digit ROEs by the end of this year.
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