Good evening, everyone. It's my privilege to present before you the financial highlights of Bank of Baroda for the quarter and half year ended 30th September 2026. As at the end of Q2 FY 2027, the bank's global business has crossed a milestone of INR 32 lakh crore and stands at INR 32.58 lakh crore, registering a YoY growth of 17.2%. Our global advances have grown by 18.3%, with the domestic advances growing by 13.5% and international advances by 39.7%. Within the advances book, the bank has continued to focus on RAM advances. Our organic retail book grew by 18.6%, agriculture loans by 19%, and organic MSME by 21.3%. Corporate loans have grown by 6.3% YoY. Within the retail segment, we have seen smart growth across the portfolio, with auto loans growing by 27.8% YoY, mortgage loans by 20.3%, home loans by 14.6%, education loans by 9.9%, and personal loans by 6.8%. In terms of deposit growth, our total deposits have grown by 16.4% YoY, with international deposits grown by 14.9% YoY, and domestic deposits by 16.6%. The domestic CASA deposits have grown by 10.4%, and term deposits have registered a growth of 20.5% YoY. As of 30th September 2026, the bank's domestic credit deposit ratio has reduced by 323 basis points and stands at 80.08%. Bank's domestic CASA ratio stands at 36.37%. With regard to our profitability metrics, our operating profit for the quarter stands at INR 11,430 crore, registering a YoY growth of 50.9% YoY. This is the highest ever operating profit posted by the bank. Our net profit for the quarter grew by 38.8% YoY and stands at INR 6,532 crore. Again, this is the highest ever quarterly profit posted by the bank. Return on assets stands at 1.26%, improving by 19 basis points YoY. Return on equity stands at 19.28% for the Q2 FY 2027, increasing by 363 basis points YoY. With regard to our profitability metrics for the half year, our operating profit for the quarter stands at INR 19,557 crore, registering a growth of 23.7% YoY. Our net profit stands at INR 7,810 crore. Return on assets stands at 75 basis points for the half year. Return on equity stands at 11.63% for the half year. With regard to the key ratios, our yield on advances increased by 4 basis points sequentially and stands at 7.41% for the quarter. It stands at 7.39% for the half year. Bank's cost of deposits for the quarter stands at 4.71%, and the same is at 4.68% for the half year. Our net interest margin stands at 2.74% for the half year and 2.76% for the Sorry, for 2.74% for the quarter and 2.76% for the half year. In terms of asset quality, the asset quality of the bank continues to remain robust. Our GNPA ratio has improved by 38 basis points YoY and stands at 1.78%. Our net NPA ratio also reduced by 20 basis points and stands at 0.37%. Bank's balance sheet continues to be robust with healthy provision coverage ratio. PCR with TWO, that is technical write-off, improved by 144 basis points YoY and to 94.65%. Our slippage ratio for Q2 2027 has reduced by 22 basis points and stands at 0.69%. It has also reduced by 23 basis points YoY for the half year and stands at 0.67%. Bank has made prudent provisioning to strengthen the balance sheet. Therefore, the credit cost for the Q2 stands at 55 basis points. The credit cost for the half year stands at 42 basis points. Credit cost without prudential provisioning for the quarter would have been 18 basis points. Then, coming to our SMA and collection efficiency, our CRILC SMA 1 and 2 as percentage of our standard advances reduced to 0.06% as of September 26, as against 0.39% for June 25. Our collection efficiency, excluding agriculture, remains robust at 99.2%. In terms of our capital adequacy, our capital adequacy position continues to be strong with the CET1 at 14.20%, Tier 1 at 14.7%, and CRAR at 16.61%. Our quarterly average LCR remains healthy at approximately 133.6%. Over to you, operator. Thank you, sir. Chand, would request you to make your opening remarks, please. Once again, thanks to all my analyst friend, and just to give a couple of qualitative statements here. Would have seen the growth one of the strongest in many years now. Possibly, would have seen a similar growth somewhere in 2023. Otherwise, the growth has been one of the strongest. This growth has been obviously with the FCNR window got a huge boost because of the FCNR. Let me give some data without FCNR, because that's a number you'll be interested to know. The global business, which is at INR 32.58 lakh crore, excluding FCNR, both on the liability and asset, it is at INR 31.20 lakh crore, which is still on a scale giving a growth of 12.3%, excluding FCNR, both on asset liability. Similarly, if I exclude the FCNR impact both on deposit and advances, still the global deposit growth was at 11.2%, and the global advances growth was at 13.5%, which was clearly in line with the guidance that we had given earlier. FCNR, as we said, we have raised almost $8.08 billion. Rather prudently, we have not used the liquidity generated out of FCNR in terms of immediate reduction in the whole deposit or any other form of deposit. Rather, we prudently parked this deposit, or rather I would use a word called store deposit, to take care of the future requirement of the liquidity for both the busy season, December and March quarter. CASA is again one of the strong point. We have been growing for both the quarters now, June and September, the growth has been more than 10%. The CASA percentage, because I would have been articulating since long to have a high focus on the CASA percentage, and you would have seen the CASA this time at 37.37%, precisely because we have raised a significant FCNR deposit, which has gone to the term deposit. Even if 37.37% is one of the absolute good number in the market, but if you exclude the FCNR, it would be in excess of 38.36%. Our focus on CASA would continue. By articulating this number, I want to again put emphasis that our focus on CASA would continue in terms of service delivery, product bundling, and multiple other service delivery points, so that the CASA remains one of the strong point as far as the bank is concerned. The NII growth, if you would have seen, the NII growth has been positive at 9% and half-yearly 9.2%. This is something I'm trying to give you a glide path saying that when you look at the margin of 2.74% for this quarter and 2.76%, since the repo has been increased with effect from 5th October, already 38% of the book, which is repo-linked, has already seen an upsize in terms of the interest income. Non-MCLR book in the corporate also, we have significantly repriced this deposit in the recent past, like this September quarter, and the full benefit of that is going to be felt in December quarter. Cost of deposit, although may be slightly increased, but still because of the prevailing liquidity scenario, I think still it is contained. In that scenario, the margin guidance are 2.75%-2.95%, where we are hopeful of achieving on the higher band of the margin going forward. The profit, again, Mr. Sridhar has told you that the operating profit is, the NII, there is a positive growth. The operating profit of INR 11,430 crore is one of the highest ever in the bank. On the profit side, there is also a one-off impact of the NSE sales. The NSE sale of INR 1,349 crore was a cash profit that we got. At the same time, there is a valuation gain. If you exclude the entire impact of the NSE on the profitability, still the operating profit is at a strong INR 7,749 crore. In that way, the bank, if you look at the net profit again, INR 6,532 crore, this is after the, as Mr. Sridhar said, there is a prudential provisioning we have done in the balance sheet to buffer the balance sheet for future impact of ECL and similar other impact. Roughly around INR 1,300 crore of provisioning we have taken in the NPL standard asset, which are the need-based specific prudential provisioning, plus roughly INR 3,000 crore of provisioning we have taken in the contingency provisioning, typically to take care of the fluctuation in the bond prices and the equity prices in the investment book. I think INR 2,500 crore is already floating provision we are holding in the books. This is our efforts to strengthen the balance sheet, both in terms of availability of provision, so that future impact may be of ECL or any other impact, the bank's in a position to take it. The asset quality continue to be very strong. If you look at all the numbers, I am not going to tell, but then this number, whether it is a slippage ratio, credit cost excluding the prudential provisioning is 0.18. The CRILC data and the CRILC SMA 1 and 2 at 0.06. The collection efficiency has improved. The slippage has been lower than the last quarter, the Q1, and also the same quarter last year. The recovery has been better than the same quarter last year and also the previous quarter. The asset quality continue to be pristine in that way. But the provision increase, as I said, is not because of the asset quality issue, it is because of the prudential provisioning. Let us be very clear on that. Otherwise, the bank's asset quality is very strong, and this quarter also, the asset quality is very strong, but then the provision increase is because of the prudential provisioning. Couple of things that I would like to highlight before I close is bob World 2.0 is a new app that earlier also we talked about, and this app has multiple new features powered by AI. Also, there is a voice feature over there that is unique to mobile banking as on today. At the same time also, there is a personal finance manager. I think the app has come on a totally different, and also it is a persona base. In that way, this is one of the development that between the quarter I wanted to highlight. At the same time, for cybersecurity, we have a mascot called bob Cyber Veeru, and it is also creating the right digital literacy within the customer class. At the same time, we also ventured into two new entity that we announced earlier also, the bob Securities & Giltedge Limited on the PD business and the DCM business, and also the pension fund business. Let me again articulate the guidance now. The credit guidance earlier we had given 12%-14%. We upsized the guidance to 13%-15%. So as against 12%-14%, we are now projecting at 13%-15%. Deposit earlier we said 10%-12%. We are now projecting at 11%-13%. The NIM, we continue to maintain the same 2.75%-2.95%. But as I articulated, I think there is an upside on the margin going forward as far as Q3 and Q4 are concerned, based on the prevailing, the interest and also the asset liability structure we do have. The credit cost continue to be less than 0.6%. This quarter is 0.55%, but excluding the prudential provisioning, it is at 0.18%. Slippage is better than the Q1 of FY 2027 at 0.69%, but we continue to hold 1%-1.25%. ROA, let me again articulate. Last time I put the ROA guidance on hold, considering June we had a significant dip on the profitability because of the settlement issue. This quarter, the ROA is 1.26%. I think the next two more quarters, Q2, Q3, and Q4, I mean, three quarters, we are expecting ROA to be more than one. On a fuller basis, because June we had a lower ROA, we will still be hopeful of a near one kind of a ROA. But as we go forward, we articulate more on the ROA. But Q2, Q3, Q4, based on the current profitability metrics, I think will be above one. The ROE continued to be, although we are at 19.28%, but the guidance is at 15%-16%. With this, I end my initial remark. Now we are open for question- and- answer. Thank you, sir. If you have a question, please raise your hand and we will come to you. You may also type your question in the Q&A box. In the interest of time, we request you to please limit your questions to two, and we will come back to you if there is more time. The first question is from Mr. Ashok Ajmera. Thank you for giving me the opportunity. Congratulations, Chand, Saab, and the entire management of Bank of Baroda for the fantastic quarter. I mean, very good set of numbers. Prima facie on record, I mean, even if you take FCNR-B, even if you take the NSE profit, whatever you say, but the profit which looks on the paper is to be believed, INR 11,430 crores of the operating profit, one of the highest. Total business is also going to INR 32.57 lakh crores. I mean, the first public sector bank next to State Bank of India in terms of the broad. The gap between the next bank and our bank has increased substantially. Bearing that last quarter, that one time, that provisioning, that hit you had to take, the result for the entire quarter and the half year are fantastic. Congratulations for the same. Having said this, sir, I have got some few observations and some more clarifications, some elaborations on some of the points which you have covered in your initial address. One is that it is very good to know that you increased your credit growth target to 13%-15%. If I take 15% growth for the whole FY 2027, then INR 2,14,000 crores of credit growth should be there. Out of that, what we have done is, because the first quarter was little sort of a minus or negative only as compared to the credit growth, so what we have done is INR 82,000 crore growth. In order to achieve this target on the higher band, you need to look at INR 1,30,000 crores of the credit growth in the remaining six months period. So number one, how prepared we are for that if we achieve this 15% growth? What is the pipeline, sanctioned pipeline, and from where do you see this business coming in? How comfortable you are on the credit adequacy and this to achieve these numbers? Similar thing is on the deposit side also because of the first quarter, this little lagging, what we have achieved is only INR 96,000 crore. So there also we will have to do substantial work to reach this target of 13%. There also if you can little bit. Now, looking at the numbers which you have given that, but for NSE, I believe that total, the profit from the NSE, I mean, on the revaluation in the profit is around INR 3,680 altogether in the revaluation and this. If that you said INR 7,750 crore, otherwise would have been the operating profit. Yes. Is that correct that INR 3,680 crore we got either by way of revaluation or by way of profit booked from the NSE transaction and because of the listing of the National Stock Exchange? Okay. This is my first little bit observation and some clarification I would like to have from you, sir. First of all, thank you so much, Ajmera Saab, for complimenting the bank, its growth, I mean, a consistent business model and the performance, especially in the last quarter that you already said. So thank you so much for that. On the credit growth, as you said, INR 1.30 lakh is the kind of incremental credit that we need to do. You would have seen the numbers both for the Q3 and Q4 of last year, it was almost a similar number. So, in terms of ability on the RAM book, we are expecting almost INR 60,000 crore of incremental book. At the same time, the corporate book, already the pipeline is INR 60,000. As we go on a busy season, both for December and March, I think this is achievable, quite achievable. And secondly, I use a word on liquidity that the liquidity generated out of FCNR-B is not utilized as on today. This is a stored liquidity for us as on today. In terms of funding credit, I think there is enough resources, which was not the case in earlier years. I think in both the front, I think the bank is quite comfortable to achieve the numbers that we are guiding and upsizing the growth guidance. And I see the full impact of both the cash profit and also valuation, you said right, it's roughly around INR 3,100 somewhat crore, taking it INR 3,200 crore. Out of INR 3,200 crore, INR 1,600 is a prudential provisioning that we have done in this quarter to buffer the balance sheet for future impact of ECL and similar other activity. In that way, the balance sheet is cushioned, so we have not taken the full benefit. The post-tax of the remaining portion would have been significantly lower in that way, both on the operating profit scale and the net profit also from the core operating business model continues to be strong. And as I said earlier, the consistency and the sustainability is something the bank is working for last many years. In that way, I think the bank is well-positioned, Ajmera Saab, and I think the business model is consistent, and the asset quality continues to be strong, and that is one of the strong point that I think the bank would be in a position to achieve its target. Thank you. Sir, you touched on the ECL. In the last quarter, in the reply to a question, I think, or your submission, you had said that 110 basis points CRR impact might be there, and in the absolute terms, it can be around INR 12,000 odd crore. Out of that, you had INR 2,500 crore of the buffer last year itself, last quarter itself in this. Now, with this MTM increasing and the overall interest rate going up, and in HTM book also now, the provisions are required to be going up for the ECL provisioning. Number one, have you revised those number? I mean, is there any revised calculation on that? And secondly, over and above the INR 2,500 crore, this year, this quarter, you said you have made already additional buffer provisioning. But when I see in the standard advance provisioning, it has just gone up to INR 424 crore, I mean, from the minus INR 283 crore. So, that number which you are saying is in addition to this, because in the non-performing asset also, the provisioning is INR 381 minus, that is reversed rather. So, INR 381 crore has been reversed, INR 424 crore is additional standard asset provisioning. So, net-net, only INR 80, INR 90 crore looks here in the figures. So, the provision, extra provision, extra cushion which you are saying has been shown under which head, sir? And what is the total quantum now of the ECL requirement as well as the provision which we hold? There are two heads here. One head is with regard to provision for NPA and bad debts, right? Since we said there is a prudential loss concept, some of the specific asset on the NPA side, we can make additional provisioning that is a prudential in nature, right? The INR 1,935 crore does include INR 1,300 crore of the prudential provisioning on the NPA front, not on the standard asset provisioning. Okay. Other INR 300 crore is a contingency provision. We made it in other provision, which is the 403 number that you look at, where this provisioning is to take care of the fluctuation in the valuation of investment, both on the bond and investment side. So, the INR 1,600 is INR 1,300 we kept on the loan side, NPA, and another INR 300 on the contingency provision on the investment side. Because as you know, the market fluctuating, and particularly the valuation gain we got because of the particular scrip that you are referring, that also can go up and down. So, we made a prudential contingency provision of INR 300 crore in the other provision head. Okay, sir. Point well taken. Sir, on the technology front, and especially what is happening in the cyber side and the digital banking, a lot of things are happening. Recently, one another bank got hit in the Reserve Bank credit and the transactions with them. Similarly, so many new provisions are coming now. The DPDP is also to be implemented and all that. So, overall, on the technology front, and earlier we had that episode of when BoB, I mean, so how prepared we are now to take all these future eventualities and contingencies, and what are our preparedness for all such things? On digital and technology front, how are we placed, what kind of budgets we have, and what kind of more new journeys which we are introducing, whether the systems are there to take care of those eventuality, those risks, sir? No, you said right, actually. It's one area getting both the management attention and the board attention since one of the small incident that happened with us itself. Not only what is happening across the industry, not only in India, outside India also. In terms of investment, actually post the incident that happened with us, we significantly strengthened the security architecture on the entire cyber mechanism, strengthening system, oversight, control, governance, everything we have strengthened. That was almost like a, what you can say, some kind of a wake-up call for us to revamp everything that we have done completely as on today. Similarly, as the issue that you are referring as on today, we have almost 10% of the operating profit earmarked for IT, and we have said the IT department, you can go up to 15%. In that way, we are hiring big time on the IT resources. You would have seen in multiple newspapers with regard to Bank of Baroda hiring on the IT. We have done everything within us, and we are discussing also globally large tech companies with regard to how to strengthen it further. Having said so, the issue that we are diverting is a burning issue which is not only impacting India, but also globally the same situation. In that year, we need to be alert at all points of time. We are literally on edge in terms of how do you manage this situation. I will assure you, we are taking everything possible within us to manage the current scenario with regard to the cyber threat. Mr. Mudaliar, would you like to comment anything on the cyber, any specific point? Thank you, sir. Sir, you mentioned almost everything. We have got our preparedness in order. We have initiated a number of steps post the incident, and looking into the scenario which is evolving, we have been kind of having a very tight kind of oversight on the entire infrastructure as well as the ecosystem, how it is developing. We are putting all efforts as well as the resources required to ensure that we and our customers are completely safe in this environment. Thank you. Thank you. Thank you, sir. Thank you, Mr. Ajmera. The next question is from Kunal Shah. Kunal, can you unmute yourself, please? Yeah. Are you able to hear me? Yeah, please go ahead. Yes. Yes. Go ahead. Yeah. First is with respect to this entire utilization of FCNR. You said, like, still it's not used to either pay the bulk deposits, and it's kept for the requirement of future. Should we see it now getting more? Would it be, if you can broadly make us understand whether it will be towards the deposits or this will actually be used towards the lending growth? Because this is again, like, 4% of the loan book, and if it gets utilized towards the growth, then in fact, we should see a slightly better momentum getting into the second half. That's the first question. Second question is, on provisioning, I understand you created the buffer, but that's again a specific provisioning. Is it related to the same case as last quarter? Because there was some news that the demand has been slightly higher in that case now. Is that a specific provisioning towards that account, or is it purely ECL considered in the NPA provisioning, if you can clarify that? Thirdly, in terms of the gold loans, this quarter maybe hardly any growth out there. So how are you pursuing the loan growth, maybe overall the gold loan growth, even like sequentially last quarter it was like 8.5. Now, this quarter it slowed down, it is primarily flat. So how is your approach towards the gold loan? Thanks. Yes, thanks, Kunal. With regard to deposit, as I use a word with regard to stored deposit, the deposit can be used maybe for retiring, if the bulk deposit market gets into very elevated rate structure, obviously this deposit will be used towards liquidating those high-cost, I mean, on reprise, the elevated bulk rates. Obviously, it can be utilized towards that. If not, it can go to the credit need. So the impact would be the same in the bank's book, right? So in terms of, if you look at a growth for something like, let us say, around whatever, 14%-15% we are referring for the advance side, so this money is going to be utilized wherever, I mean, both way. So in that way, the net impact on the books would be the same. In that way, what I meant to say by stored liquidity is that, okay, I have available liquidity which can be there to manage the requirement of resources for the quarter in that way. So we are well-positioned on that count. Secondly, the provisioning that prudential is loan asset specific provisioning, nothing to with regard to any account that you are referring. Absolutely not. It is a prudential provisioning just created on multiple loan asset based on the potential loss on those specific prudential provisioning. So nothing with regard to any other account that you are referring. Gold, as you say, on an incremental scale, gold, if you look at the YTD on the retail gold, we have degrown. The agri-gold is a stable gold business which is quarter to quarter growing at 8%. In that way, I mean, the GNPA of the gold loan book with me has, the GNPA has gone down. So in that way, as on today, I do not see any, as far as we are concerned, we do not run a very large significant book. But we are concerned, we are mindful of the discussion happening on the gold loan in the market. At the same time, how do you pace your own gold loan book so that it does not put you into elevated stress? Absolutely, we are mindful of that. Thank you. Thank you, sir. The next question is from Ankit Bihani. Yeah. Hi, sir. Can you hear me? Yeah, I can hear you, Ankit. Yeah. Congrats on the quarter. My question is on the liquidity front. If I look at your cash and investments, the sequential increase on balance sheet figure period end, that is at around INR 18,000 odd crores, but we have mobilized 77 now. We are highlighting that most of the liquidity is there with us. Is there something incorrect with my understanding here? Look, I mean, the bank's liquidity is a dynamic flow. You can't, I mean, take it everything. There are multiple instruments where you can park this asset. One is, as you rightly said, there is an increase in the investment book, right? Another is an increase in cash. Another can be that you get into a short-term deposit. There are multiple ways you can park this deposit. If you look at the reduction in bulk deposit outstanding, it is only around INR 10,000, right? Vis-à-vis the last quarter. The money, INR 77,000, obviously has not used towards liquidating that. Secondly, when we run a money market operation, then we normally, against SLR, we go for a borrowing, right? In multiple markets. That's not there today because I do have the available liquidity. In that way, entire INR 77,000 is with us. We have a significant excess SLR to mobilize liquidity at any point of time. These are the way we need to park it in that way. Exactly the number you compare, you won't get the sense of where the money has gone. But the money is available within me to generate a similar kind of money for funding my asset growth. Okay, sure. My second question is there any interest on IT refund this quarter? Another clarity, the revaluation of investments that we are seeing on the treasury line, so that is related to NSE only or it is something else? On the FCNR side, what kind of fee income would have been generated to that, or it would have largely, the OPEX that we have made to mobilize this deposit, so it might have neutralized that? Yeah, those were my questions. No, as far as IT this quarter, I believe it is only INR 290 crore, right? So, that's not significant as compared to the earlier quarters where we used to get the good amount of IT refund. In that way, it's very minimal in this way. FCNR fee income, I don't think we have a data any. Madam Beena, you have anything on the FCNR fee side? We'll have to come back, sir. We'll come back. We'll come back to you. Yes, sir. Thirdly, on the treasury valuation, the valuation is considered as a book as a whole. So, with Mr. Ajmera, INR 3,100 crore is the total effect of NSE, that consisting of INR 1,300 odd crore on the cash profit, remaining is the valuation. So, when we look at a valuation, whatever that INR 1,800, that's a combined book, everything including NSE. So, obviously, the NSE valuation has been higher than INR 1,800 crore. So, that is what the number we can Okay. Sure. Thank you. Thank you, Ankit. Next question is from Jai Mundhra. Yeah. Hi. Good evening, sir, and congratulations on a rebound in earnings. First question on your provisioning stance, right? In this quarter- Good evening, Jai. Yeah. Good evening, sir. This quarter you have created additional specific provision of INR 1,300, but you could have also increased floating provision, right, towards ECL. This specific provision may or may not be used for ECL, right? What is the thought process in utilizing towards specific provisions versus creating for ECL, which will definitely would have been utilized for ECL? See, on the ECL impact, if you look at, there are two impacts. One is a one-time on the CRAR, another is with regard to recurring. I need to buffer myself both in terms of one-time impact and also on the recurring. This provision, what we have made, is going to help us in the recurring, right? Multiple, going forward, there is geopolitical, there may be impacts therein. It's there in the book. Floating provision can only be adjusted at a particular scenario, not at every scenario, right? That is how we concept of floating, I mean, prudential provisioning we have done this time. One good part also we have seen that we have made also a INR 300 crore of contingency provisioning just to take care of the valuation change that can happen going forward. As you see, couple of market, both on the bond market and the equity have seen bit of correction therein. That is also trying to prepare a immediate Q3 impact and made a contingency provision of INR 300 crore on that. Right. Sir, are you saying that if you carry higher than IRAC provisions? Then you can use that provisions on a recurring basis? What is the implication that if you carry more than IRAC, which is what we have done, INR 1,300 crore, then under ECL on a recurring basis, you can utilize, right? Because you have already provided higher than IRAC. That you can utilize for the ECL, that you can utilize also for Q3 and Q4. Depending upon headwinds that we see in the market. In a prudent measure, that has been created. Since because of, but a one-off because of NSE, we thought it prudent to make those provision. Right. Okay, sure. Secondly, sir, on drought situation, have you had any restructuring request? What is the kind of restructuring request that you see over Q3 and maybe Q4 in select states which have got some drought impact? Look, the banks don't decide with regard to the drought and the restructuring. It is based on the SLBC, which in the consultation of the government design a scheme therein. So, as on today, we don't have any scheme from the states which are impacted by the drought or the rainfall. So, as they would announce, we'll definitely be, all the banks, including us, would be guided by that. Yeah. But you would have made some preliminary assessment, or as of now, it is too early to suggest? It is too early. Okay, sure. Last question, sir. ECL is approaching. I think if you have data point on what is your all ticket size SMA 0, 1, 2 in INR crore, and what is your assessment of a standard assets provisioning only? We have done excellently on specific provisions, which is 18 basis points. Even last quarter was minuscule. What would be your If you were to do standard assets provision under ECL, how much would that be? Maybe SMA 0, 1, 2 number INR crore. The SMA 1-2 book as a whole, I don't declare it publicly, but I can assure you, if I take the book as a whole this quarter, it is better than that of last quarter and better than the same quarter last year. In that way, asset quality is a very good shape as on today, as we speak, touch wood on the matter. In terms of the other question, CFO, can you just answer the question now? Yeah, Mr. Sridhar, the question is, how much would, assuming a 13%-15% loan growth, how should one I mean, what could be the standard assets provisioning for BoB under ECL? See, this ECL framework is a total change in the framework of provisioning. We cannot actually specify the numbers in terms of standard and non-standard. The dispensation provided by RBI is that as on the date of migration, we can adjust whatever additional requirement is there against the reserves. Again, they have given the benefit of elongating it over a period of five years. We will take advantage of it and go for it. Okay. Actually, I think I did not make it clear. I was asking not for the transition, but assuming you were in ECL in this quarter and you had 8%, 7% QoQ loan growth, what would have been standard assets provisioning? That you would have done. You are running ECL accounts simultaneously. What would have been standard assets provisioning in this quarter, in INR crore? Yeah. Actually, we do compute on an ongoing basis, but this is not articulated as on today. We are only articulating the book as a whole. Maybe at a later stage, we will engage with you to make you more clarity with regard to this particular aspect. Right? Sure, sir. Thank you and all the very best. Thank you very much. Thank you. Sir, we have a couple of questions in the chatbot from Lavish Porwal. First question is, recovery from TWO was INR 729 crore in the second quarter. Any guidance for the third quarter, fourth quarter, as well as for FY 2028 and FY 2029? His second question is, can we see similar absolute amount of fee income going ahead since the first quarter was muted? Well, Lavish, our normalized run rate on the recovery from TWO on an average basis, INR 750 crore, and we said it earlier. I think for other than the one-off that you can see on the recovery from TWO. Going by our, what we can say, I will not say pipeline on the NPA side, but we are still hopeful that this run rate will be achieved both for Q3 and Q4. Going forward beyond this financial year, slightly tough, we will articulate at that point of time. Fee income, as you said, Q1 was a depressed one, but we have pulled back. Still, we are lower than the Q2 of last year. I think this is one area we are trying to optimize or work more on that, and I think that work would continue. I understand there is a significant scope for us to optimize on the fee income side, considering the size of book we carry. If you compare the same book in other banks, including private sector banks, there is a good opportunity therein. I think that is a work in progress, and this quarter has given some positive outcome, and I am hopeful that we will continue on the journey. That is what I can say. Madam Beena, anything you can say on the fee side? Any specific focus on that? Actually, we are relooking at the entire fee structure of ours. In the next two quarters, I think there should be an upside in this area, sir. Okay. Thank you. The last question we will be able to take today is from Gaurav Jani. Gaurav, please unmute yourself. Yes, Gaurav? Okay. I think Gaurav, are you there? He muted himself. The last question we will take will be from Aman. Aman, please unmute yourself. Hi, sir. Thank you for the opportunity. I just wanted to ask what is the MTM impact of increase in yields on the bond portfolio, both in the P&L and in the AFSs of fourth quarter? The overall impact we have given on bond, Mr. Tyagi, anything you have, or we can give the data later? Oh, yeah. Sir, we will prefer to give it later. Actually, right now, I do not have handy. Aman, we will revert back to you on this particular question, right? Okay, sir. Thank you. Nobody else is there? No one is there. Okay, I think that is Gaurav. Okay, Gaurav has again put up. Gaurav, can you unmute yourself? Yes. I think he is facing some technical difficulty. Okay, I think No, sir. I think Gaurav is facing some issues. We will go to the vote of thanks by Mr. Sridhar. You are on mute, Mr. Sridhar. Yes, sir. I would like to extend my sincere gratitude to all of you for joining us today for the announcement and discussion of the financial results. Should you have any further question, please feel free to reach out to me or to our investor relations team. Thank you once again for your time and continued support. Have a great evening ahead. Thank you very much. Thanks, all of you. Thank you very much.