@ishanagarwal89 asked a straightforward question in con-call about equity raising, and Vaidya responded diplomatically. Like others in similar positions, he refrained from providing specific details about raising money from the market well in advance. His response indicated that the bank would consider raising equity when it deems necessary for growth.
Similar to a long-term player, Vaidya is approaching this situation like a test match. He isn’t overly concerned about a subdued quarter and acknowledges that the Q3 performance could have been slightly better. His main focus is on maintaining a low Non-Performing Asset (NPA) level, sustaining income growth, and gradually reducing costs, recognizing that some costs are necessary in the early phases of the bank’s operations.
Personally, I don’t see much of a problem in continuing to hold, even if it drops by 20% tomorrow. My focus, like his, is on 2029 or beyond.
Disclosure: Invested
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