If you look loan book grew at 9% CAGR in previous 4 Qtrs and gross loan origination at 7.5% CAGR.
If we extrapolate this the AUM and GLO should be 9725 Cr and 2219 Cr.
Actual numbers in current quarter (9200Cr and 1840Cr). So total degrowth due to less new loan is 2219-1840 = 379 out of total of 9725-9200 = 525.
So it seems all of the de growth in loan book is attributed to both foreclosure and and de growth in new disbursement (could be attributed to rundown as per commentary in presentation). But mostly it seems like this is the reason and not foreclosure.
Disc: Invested and Biased
| Subscribe To Our Free Newsletter |
