Ladies and gentlemen, good day, and welcome to the Central Bank of India Q4 FY 2026 conference call hosted by Systematix Shares and Stock Limited. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions, and expectations of the company as on the date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Siddharth Rajpurohit from Systematix. Thank you, and over to you, sir. Thank you, Ikra. Good evening, everyone, and welcome to Central Bank of India's Q4 FY 2026 conference call. From the management today, we have Shri Kalyan Kumar, MD and CEO, Shri Mahendra Dohare, ED, Shri E. Ratan Kumar, ED, and Shri Mukul Dandige, CFO. We are very grateful to the management for giving us this opportunity to host their post-result conference call. I now hand over the call to the management for their opening remarks, post which we will open the floor for a Q&A session. Thank you. Over to you, sir. Yeah. Thanks a lot. Good evening, all the investors connected here and my colleagues present in this boardroom. First of all, please accept my heartiest congratulations for the financial result of Central Bank of India as of FY 2026. In my initial remark, I want to mention that total business of Central Bank of India grew by 15.60% and reached to INR 8,12,439 crore. Deposit also increased by 13.38% to INR 4,67,923 crore. CASA deposit also stands at 47.30% of total deposit. Major highlight, our savings bank has grown in double-digit 10.05% and crossed INR 200,000 crore first time. Gross advances increased by 18.76% to INR 3,44,516 crore. CD ratio has improved to 73.80%. Gross NPA stood at 2.67% with an improvement of 51 basis points year-on-year. Net NPA stood at 0.49%. It is an improvement of 6 basis points. Provision coverage ratio is also at 95.97%. Operating profit for this financial year increased by 4.37% to INR 8,479 crore. Net profit for the financial year has increased by 15% to INR 8,479 crore. Net profit, Net Interest Margin stood at 3.07%, which is a marginal decline. Here I want to mention, as per the new finance bill, Bank has taken a one-time impact of INR 632 crore due to recognition of deferred tax asset at the rate of 25% as against 35%. That's why major ratio got impacted due to above cited action. It is again, at the cost of repetition, it is one-time impact. Net profit has been impacted, and ROA also got down to 0.56% from 0.91% for the quarter four as of previous year. Return on equity also down to 8.43% from 13.40% for Q4 of previous financial year. EPS down to 0.80% from 1.19% for Q4 of previous financial year. Similarly, for year-on-year basis also, ROA, so year-on-year there is improvement despite taking hit of one time impact of INR 632 crore. ROA improved to 0.89% from 0.86%. Return on equity also improved to 13% from 12.48%. Cost of income ratio, it is at 58.61%. Slippage ratio, we are able to contain it at 1.16%. There is improvement of 29 basis points. CRAR improved to 17.91%, out of which Tier I is 15.61%. If we talk about quarter-to-quarter, net profit decreased to INR 724 crore as against year-on-year basis INR 1,034 crore. This is also due to one time impact of INR 632 crore, as I discussed earlier. Operating profit also has shown a growth of 17.74% on year-on-year basis to INR 2,096 crore. Net interest income grew by 17.74% on year-on-year basis to INR 4,002 crore in Q4 FY 2026. Total income for Q4 FY 2026 improved by 4.63% from INR 10,333 crore for Q4 FY 2025 to INR 10,811 crore for Q4 FY 2026. For profitability for year ended March 2026, net profit increased by 15.43% to INR 4,369 crore on year-on-year basis. Operating profit has shown a growth of 4.37% to INR 8,479 crore on year-on-year basis. Net interest income grew by 197% to INR 14,171 crore on year-on-year basis, as against INR 13,897 crore for previous year. ROA improved to 0.89% from 0.86%. ROE improved to 13%. Regarding asset quality also, if I can tell you. Before that, I would like to highlight business per employee. It has improved to INR 23.89 crore as against INR 21.31 crore. There is improvement here also. Our RAM, main growth engine, retail, agriculture, and MSME, grew by 21%. The individual sector-wise growth, retail has grown by 25.67%, and Central Bank of India has crossed INR 1 00,000 crore mark also, INR 1,03,533 crore. Agriculture has grown by 17.60%, that is INR 61,687 crore. MSME has grown by 17.06%, that is INR 69,351 crore. Similarly, there is improvement of 51 basis points in gross NPA, and we have closed at 2.67% as of 31st March 2026. Net NPA, there is improvement of 6 basis points from previous year to 0.49%. PCR also stood at approximately 96%. CRAR, as I discussed, it is 17.91%. What to mention, Tier-I is 15.61%. In that way, we have very good capital base. We have declared dividend also. Final dividend is at the rate of 12%, INR 120 per equity share. It is proposed for the year 2025, 2026, and it includes all the interim dividend declared and paid at the rate 2% quarterly for previous three quarters. These were brief about our actually financial results with all the support of our stakeholders and team. That was the, in brief, I highlighted our financial result as of 31st March 2026. Now over to you. Sir, can we open the floor for question and answer? Yes, please. Thank you very much. We will now begin the Q&A session. Anyone who wishes to ask a question may press star and one on their touchtone telephone. If you wish to remove yourself from the question queue, you may press star and two. Participants are requested to use handsets while asking a question. Ladies and gentlemen, we will wait for a moment while the question queue assembles. The first question is from the line of Ashok Ajmera from Ajcon Global. Please go ahead. Yeah, thank you for giving this opportunity. Sir, my compliments to you, sir, and the entire team of Central Bank for a very good business growth. I mean, especially the credit growth is phenomenal. Even in this quarter itself, it is 6.49%. Having said that, sir, we have noted some decline in the profitability. Our even operating profit also has gone down and resulting into the net profit also going down. Of course, that one time tax implication is there in that, but in the operating profit also we are down. Similarly, in case of the asset also, asset quality also, I think, maybe it is our this quarterly, if you look at it, the both the gross NPA, net NPA, both in absolute numbers have gone up. In fact, this net NPA has gone up even in percentage also, gone up. There is some concern on that, even though the SMA quality is maintained. Sir, my first question or rather I would like to have your comments on, are you seeing any stress in the system even for the current, because of the geopolitical situations or whatever happening down in the globe, because of that or even some of the old accounts are also getting slipped because of the slippage is also higher in this quarter. It's a kind of a mixed quarter, sir. Thank you, Ajmera ji, for your question. First of all, regarding reduction in operating profit, it has grown by 4.37%. If we compare on quarter-on-quarter basis, yes, actually it was mainly due to two reasons. One was actually regarding AFS mark-to-market, and that actually if you see trading income, previous quarter it was more than INR 300 crore and this quarter it is INR 9 crore. Also recovery in return of account. You see, recovery in return of account previous quarter it was more than INR 1,000 crore, INR 1,162 crore, but this quarter it is only INR 352 odd crore. That were the two main reasons behind actually reduction, what you are observing in operating profit side. If you see our Net Interest Income has increased by 1.7% as year-on-year basis. It is INR 14,171 crore. Net Profit rightly said by you, because we have taken one-time hit of INR 632 crore towards DTA. That is the main reason why our Net Profit has declined. Regarding asset quality, actually, I would like to tell you rather we have improved. You see our total slippage ratio of total year is 1.16%. Previous year it was 1.45%. There is overall improvement in asset quality management because we have corrected our processes and also more improvement in technology side towards getting good alerts and fit on street, also integrated with those things. In asset quality side and monitoring side, because we deal with business, retail business, and retail business requires constant monitoring and frequent follow-up. Through technology we have, we are taking services of bot also and feet on street persons are there, integrated call center is there. Also we are working towards trade underwriting, improvement in trade underwriting quality and trade monitoring side also. Reviewing the process of our processing center branches. With all these things, we are able to maintain our slippage ratio at 1.16%. In next year our aim is we have given guidance that we are going to keep it less than 1%. Regarding your another question regarding impact of Middle East crisis. Till now, we have not received any request of customers for any overdue PCs or any post shipment facility. Our risk management department is very active towards actually conducting stress testing and portfolio analysis. In that way, there is no stress signal, at least till now, we are witnessing in, towards our asset quality. Hope I have answered your question. Yes, sir. Yes, yes, you answered it very well. Those two factors which you explained, yes, of course, because today, you know, we get very less time. In fact, earlier the call was at 6:00 P.M. and then 7:00 P.M., we just got maybe just 15, 20 minutes only to go through this. Anyway, you have explained it. Thank you very much for that. Sir, my second question is on the ECL now. Since the ECL guidelines have come out, the final guidelines from RBI, how prepared we are? Is there any some prompt calculation which has been done? Because we have been preparing it for now for quite some time. How do you see the impact of the ECL? How fast you see that the impact can be absorbed without affecting the profitability much? See, we are actually, for since last, at least one or two years, we are sincerely working towards developing models, improving quality of data, and also, our strategy of financing also, and containment of slippages and all which I told. These things are going to really support us in migrating to the ECL side. As regards our impacting on profitability side, I don't find looking to the our growth and Net Interest Income, net profit and profitability, I don't find any challenge in migrating to the ECL framework as of 1st April 2027. As regards numbers if you will ask me, though we have till previous quarter INR 1,575 crore additional provision we have made for this purpose. The actual simulation, depending upon the final guideline, still we are working on this side. That's why at present I will not be able to tell you the numbers actually, which will be required for that purpose. I can tell you in terms of technological capabilities, simulation and strategy towards actually all these things which are going to impact ECL. Central Bank of India is fully prepared for migrating to the ECL on, as of 1st April 2027. No, I appreciate, sir, because it is just, these guidelines, final guidelines have just come out. Sir, you all in both your, my questions in answer technology, two, three times, four times. So can we know little more in detail in technology front, what is happening? Can we have some quite, some, if not very detailed, some short report on the technology development and what kind of spending we have done, what kind of budgeting we are planning, and which are the areas which are yet to be covered by the technology by Central Bank of India? This I will like to provide you offline, because currently I am not prepared with the technology and all these things. Okay. Last one, sir, is on the treasury. Treasury front, of course, there was a pressure this year. Now with the things little bit changing, where do you see, I mean, or what do you see our treasury, you know, contributing to the profits in the coming, in the FY 2027, sir? See, you know, we started year by yield of 6.58%, it got down to 6.14%. In March we have closed by 7.03%. In that way, it has impacted a lot our profitability. This quarter at least only INR 9 crore from treasury we got. Looking to the improved condition and situation now, by optimal deployment of our this investment portfolio and also, IPO market also previous year also we have got a good amount of profitability, excess profit. I am quite hopeful that this year also, looking to the market condition, we'll be able to optimize return in treasury side also. Good to know that. If the moderator permits me one more last question. On the credit front, you have done very well. Now going forward, what, I mean, what are our, like, sanctioned pipeline? Up to how much amount are we prepared through our, you know, CRAR? Going forward, what are our plans or targets on the credit front, sir? See, our CRAR is 17.91%, as you have seen. Yes, sir. CET1 15.61%. Our capital is not a constraint for meeting our growth aspiration in credit side. We have given guidance of 14%-16% in credit side growth, and with the current capital strength, we will be able to meet this expectation, aspiration, which bank is visualizing. Regarding undisbursed sanction, you see our 68% book is RAM, Retail, Agriculture, and MSMEs. Okay. Since November we have started outreach program. More than 100 places, we organize MSME, retail, and agriculture outreach program. Good number of prospective leads, potential business leads we actually mobilize. With our LLMs and our field team, it is a complete SOP-based outreach program where our people, senior team from head office also went there. Yes. goes there and mobilizes the proposals and all. That is one area where good traction we have. you know, our retail growth is more than 20%, 25%. Yes. Agriculture has grown by 17.60%. MSME has grown by 17.06%. Similarly in corporate side also, our, we have reached, we are, we have closed the book at INR 109,950 crore. That is also growth of 14.60%. In that way, actually we have identified potential branches. In MSME there are 225 branches. Agriculture there are more than 300 branches. For corporate also, more corporate finance branch we are opening, more MCBs we are opening, where trained people, like, more than 900 officers we are going to get in the month of October, whom we are going to deploy them at different credit potential branches. We are also setting up sales and marketing team. 350% through IBPS we are going to get them very soon in next one or two months. These actually enablers will augment our capability towards achieving the credit targets and all. Okay, sir. Thank you very much, Kalyan Kumar sahab, with the entire management of the Central Bank. All the best to you. Thank you. If time permits, I might come back. Thank you. Thank you very much, sir. Sure. For that, digital, I'll take the numbers offline from you. Thank you, Sir. Okay. Thank you. Thank you. Thank you. The next question is from the line of Sushil C. Choksey from Indus Equity Advisors. Please go ahead. Sir, congratulations to the team Central Bank of India for excellent and stable result and whatever advice and guidance you're giving, sir. Sir, I want to break up if I miss few things. I'm looking forward to the next year, that is the current financial. FY 2027, can you guide us what is your thought process on deposit, advance, NIM, CASA, RAM and CD ratio, recovery from technical written accounts, digital spend, HR processes or insurance subsidy? What kind of recovery have we seen from technically written off assets? Your question is bouquet of questions. I will answer one by one. Mr. Choksey, thanks for the actually really. You see, regarding first I will answer you regarding deposit mobilization. This time also you see in the CASA we have grown by 9.75% and percentage wise also 47.30% is our CASA ratio. To achieve this, actually our team has worked hard they designed the products suited to the different segments of the customer. This was one part which actually really acted well. We tapped the potential of our lead district responsibility. 52 lead district managers, we roped them in and aligned them with the these products and all these things so that they can support us in mobilizing CASA deposit. Another important part was our government business cell also, few places we have opened where we got good traction in those area. Fourth, MoU with several state governments, railways, and also police forces, paramilitary forces, where we are able to open good number of salary accounts and good balances are being maintained with them because our technological things are also integrated in this model. Most of the accounts are being opened through tab and which is very much convenient for the customers. If I can tell you regarding term deposit, our growth was more than 14.60%, 14%, 15%. There also our growth is very good. Resources is not a challenge for Central Bank of India. CD ratio in December, in September it was 66%. Today, in March we have closed at 73.90%, approximately 74%. There is improvement. In coming years, actually the expertise which I answered earlier, the question of Mr. Ajmera, hopefully you must be hearing also. There I told that for credit, actually Central Bank is now geared up. Through outreach program, training of 1,000 trade officers. We are providing them other trainings, flagship training program, forex program. With this, centralized forex sale also have been established. With this, actually, we are really improving or diversifying our different resource portfolio, which can support in not only in trade growth but also improvement in income side also. Regarding asset quality, you see our slippage ratio, we have maintained it at 1.16%. There is improvement from 1.45% as of previous year. Gross NPA and net NPA also you see 2.67% is in percentage term, INR 9,185 crore in absolute terms. For net NPA, it is INR 1,666 crore. In percentage terms, it is 0.49%. There also we are very much comfortable and well-aligned with the direct guidance which we have given to the market. Apart from this, actually, CASA, RAM, containment of slippages, NPA, you asked about actually the profitability side also we are fully geared up with all these interventions. As we migrated to the new tax regime, there will be benefit of 10%. We have simulated that more than INR 600 crore is going to be the additional income due to migration of this aspect. Anything else I left? Sir, thank you for answering the question, but my thinking is that Central Bank is geared up for a lot of betterment in the coming year and the years to come under the tenureship and the leadership along with your team. If I get some kind of advice, will we be doing what the industry is estimating, 12%-14%, or we'll be better off in deposit, advance, NIM, CASA in the current year or years to come? That is what is what I am looking for because thing is that I see that strength is building up towards betterment. If that is the case, I would like to hear if you can specifically address on those parts. Yes. Actually, we are working on the bringing improvement in the processes, investing in people. Yes, you told about HR also. Yeah, investing in people. Number of training programs we are providing. The first time regional aid program, leadership development program, all these things are also on the card so that our capabilities are built. In technology side also, lot of investments we are making. That's why we are sure that guidance which we have given for business growth of 14%-15% for current year and deposits growth by 10%-12% and advances growth by 14%-16%, we are going to achieve all these guidance which we have given to the With the confidence I am talking because the kind of enablement and system improvement, technological integration with business models we have made, we are sure that easily Central Bank of India will be able to achieve all these parameters. Sir, what will be the balance between RAM and corporate in the current year you are estimating? See, we have given the guidance of 65%, 35%, ± 5%, and we are maintaining this this year also. This year, 68%, 32% is the ratio. We are going to maintain this guidance, 65%, 35%, ± 5%. What is the- ... you know, in corporate side, we are actually really balancing with the risk and return and only good rated customer only we are selecting because looking to our experience of PCA days. In that way, we are very selective in corporate side. You can see still there is growth in corporate side also, INR 1,09,960 crore. That amounts to 14.50% growth. Sir, what kind of sanction pipeline and undisbursed credit limits are visible to you today? What is not availed today? That data, I am not ready with that now. Actually, I will be able to provide you offline. Sir, what is the estimate of recovery forecast for current year from return of assets? Recovery, actually, see, you, we are having, INR 32,000 + crore in technical return of account. This year also, as you can see, INR 2,270 crore we have recovered in return of account. Previous quarter was more than INR 1,100 crore. Similarly, INR 2,200 crore-INR 2,500 crore easily we can recover from return of account this year also. Coming two, three years is not going to be a challenge for us. Sir, Ajmera missed, a question which he's been repeated in last eight, nine quarters. About the lumpy account of the airline, where are we today? That lumpy account, actually, process is going on. Previous quarter, we received INR 515 crore as his guarantee. Recovery process is going on. We are going for auction and all. Whatever processes are available, we are going to utilize those processes. Sir, you are strengthening lot of HR process and digital and fleet on street and lot of government accounts, which means you are going to do a lot of digital spends. Have we made some kind of a budget for current year for digital spends, sir? Yes, yes, there is budget for. Actually, for capital budget, it is INR 1,442 crore and revenue is INR 1,276 crore for 2026, 2027, for current year. Sir, second thing I noticed that you've tied up with lot of mutual funds for distribution now, and with CASA at 47%-50% range over a period of number of years. I see a lot of income likely to generate from CASA 3-in-1 accounts and distribution capability which you're building. Are we sensing early benefits of it or it's yet to fructify? See, two, three things. Actually, we are going to start wealth management division, rightly said by you, and that we are going to establish. Customer relationship concept and also credit card part and also sales and marketing team. These initiatives we are going to implement in Central Bank of India, which will certainly help us in actually garnering more income, fee-based income, advisory income. Those opportunity will be open for Central Bank of India. Sir, any highlights on the insurance JV front, where are we and how it's shaping up for income side? See, these are untapped potential for Central Bank of India. Both life and non-life we are having relationship with generally insurance company. This year also INR 161 crore total, INR 161 crore we got, but it is flat if you compare with the previous year. The huge opportunity is there. For that purpose, our team is working that how to leverage upon this tie-up and how we can get more and more revenue and income from these tie-ups. Sir, you answered that so far there are no indicative signals led by the global mishap which is led by war. Any indicators on retail or MSME in month of April about collection, any early signals or everything seems in order? Till now, actually, I am regularly proactively interacting with my trade monitoring team. Daily morning, the in charge of trade monitoring team updates me. Till now such kind of slippage, I can give you example of 20th April it was INR 250 crore. Slippage was INR 250 crore because that was the date. Demand is fired. Demand is fired. only INR 250 crore and it is, March also and February also approximately this is, numbers of slippage. that's why there is no abnormality or any incipient signal due to the Middle East crisis we are facing. Sir, thank you for answering all my questions. Good luck for the year and best wishes to entire team of Central Bank of India. Thank you, Mr. Choksey. Thank you. Thank you. Thank you. The next question is from the line of Ashlesh Sonje from Kotak Securities. Please go ahead. Hi, sir. Good evening. Sir, first question is on your slippages. I see that your fresh slippages have increased substantially QQ. Can you just explain the reason for that? See, Q4, actually, if you compare year-on-year, then Q4 every time there is actually slippages are there. Agriculture you can also give. See, many of these slippages, particularly in MSME, may be attributed to a kind of technical. Okay. The auditors are saying that the credit submissions are not commensurate with the with the business projection. Whereas the units are working. Because most of these branches go under audit in the quarter of this, that is one thing. Secondly, some agriculture accounts have been identified. Those were some slippages. That is the only reason why our slippages are INR 1,301 crore as against roughly around INR 800 crore on an average every quarter. Understood. Okay. Majorly in government sponsored scheme. Yes. Mudra, PMEGP, et cetera, up to INR 10 lakh it was, more slippages were there. Understood, sir. Sir, second one is on the ECL transition. I understand that you would want to wait before sharing an impact on the one-time impact. Can you at least comment on what the recurring credit cost can increase by when you transition to the ECL regime? See, our back of the envelope kind of a calculation for ECL impact was always around INR 4,000 crore, which is very conservative. Out of that INR 1,525 crore we have already built up. Now that Reserve Bank of India has permitted that we can take the impact through reserves. Bank being sufficiently capitalized at 17.91%, I can easily take the impact on day one. I can easily take the entire impact on day one without any problem. Secondly, what you are saying is an ongoing basis. Ongoing basis our estimates are that roughly around INR 600 crore of provisions would be required for the entire financial year on an ongoing basis. That one impact that my transition to new tax regime itself is likely to give me a positive impact of around INR 600 crore-INR 800 crore. These two impacts can easily be balanced. The benefit of INR 600 crore-INR 800 crore s would be on account of what reason? We are going to transition from the old tax regime of 35% to new tax regime of 25%. This 10% benefit would be there. That 10% benefit comes to around INR 750 crores. Got it. The INR 600 crore ongoing credit cost that, INR 600 crore is the ongoing. Sorry. Yes. Increase in ongoing credit cost. You see now, I'll have to provide for standard assets also based on the PD and other things. [Non-English content] whatever is the floor. In many cases, suppose if my thing is very low, still then as per RBI's circular there is a floor beyond which below which I cannot go. Based on all these things, we estimate that around INR 600, INR 650 crores would be the total financial cost for an ongoing provision, additional ongoing provision. That will be easily balanced out of the new tax regime thing. Sorry, sir. Just confirming if my understanding is correct? Your voice is very, very weak. I hope this is better. Yes. This INR 600 crore-INR 650 crore number, that is the increase in credit cost on ongoing basis or that is the final credit cost on ongoing basis? No, no. What we are saying, because of the transition to ECL, suppose if my SMA is increased, even normal course, as per the IRAC guidelines, I need to maintain 0.25%, 0.4% and 1% provision on all the assets. Here in the ECL regime, there is different, I mean, slabs provided. Based on that, we estimate that additional provision required would be of the order of INR 600 crore-INR 650 crores. As my standard advances also increase, there will be an additional outflow, right? That additional cost will be more than met out by transition to new tax regime, where also we are seeing an upside of around INR 700 crores. In nutshell, actually, I would like to tell you. See, the estimate which you are trying to plan because these things we have not simulated till now. Our strategy, see unsecured loan, we are very cautious in unsecured loan. Also, we are improving overall credit underwriting quality, also monitoring aspect also being improved. In that way, the impact which we are going to face due to implementation of ECL, we are very proactively and consciously working on those direction. We are working on the models on which actually we have to see and simulate the kind of things so that we can migrate. One thing I would like to say, as Mukulji also told you, that our reserves are surplus capital. We are very well capitalized. Therefore, the migration to ECL is not going to impact us in any significant way. Understood, sir. Sir, just lastly, your margin has improved quite a bit in this quarter by 30 basis points, but your yield on advances and cost of funds has not really moved. How to understand the reason for this increase in NIM? Yield on advances, up year-on-year basis it is 8.21%, and in this quarter it is 7.78%. Cost of deposit is actually, if you see, 4.82%. In cost of deposit, actually reduction of only 2 basis points. If you see, in yield on advances, it is 57 basis points dip. Major reason behind it, actually our more than 60%, 61% rather advances are external benchmark linked with part. That's why impact was huge. Our major advances as 61%, I told you, are external benchmark linked. The rates are immediately actually passed on to the customer. The deposit gets repriced with a lag. That was the major reason behind actually what you are saying. Currently actually, we are working on these aspects also so that how we can revisit our processes that so that at larger scale our team can handle the sanction disbursement of retail agriculture and MSME side. Also the deposit repricing also will happen in next quarter. It will be completed. That margin part also will be improved. Sir, sorry to interrupt, the question is on the quarter-on-quarter movement in NIM. In spite of all the things you said, the NIM has actually improved by about 30 basis points quarter-on-quarter. That is the movement I'm trying to understand. See, there is one item. We got a refund of INR 431 crores in income tax interest, as income tax interest. That has also contributed towards improving the NIM on a quarter-on-quarter basis. This we accounted for in March 2026 quarter. Excluding this item also, the NIM has not been much impacted. I mean, it was 2.96% in last quarter. It is around 2.89% or 2.90% in this quarter. Understood, sir. Perfect. Thank you, sir. Those are all the questions I had. Thank you. Thank you. Participants, you may please press star and one to ask a question. The next question is from the line of Siddharth from Systematix. Please go ahead. Thank you for the opportunity. Sir, can you give your total, say, standard asset provisions which are incremental to the IRAC norms? We are holding around 0.87%-0.88% of total provision on standard assets. Mm-hmm. So- Okay. I mean, this works out to roughly around INR 2,800 crore-INR 2,900 crores of total standard provision we are holding. Okay. Yeah. What will be incremental, as compared to what would be required, the gap would be how much, sir? See, INR 1,525 crores is straight away the ECL provision. Okay. the additional provision. Okay. Thereafter, under, the earlier seventh June RBI circular, then, restructuring also we are holding provisions. All this put together, we are holding this around INR 2,800 crore, INR 2,900 crore provision. Okay. Sir, what will be our gold loan book size and what will be the LTV in it and the yield on the same? Sorry? What will be our gold loan book, the LTV in it and the yield on the same? Gold loan INR 10,000 crore in it. Total gold loan is around INR 28,000. INR 28,000 crore. Yes. 8.04% is the. Yield. Total yield. 8.04% is the yield. Actually, we are comfortable with 64%. 62%. 52%. 52%. LTV is 52%. Okay. What would be the year-over-year growth in this book, sir? Year-on-year growth? Gold loan book. Sir, it's for agri it is done. For retail it is 154%. For MSME it is 164%. Percentage. Percentage. Percentage actually for, retail year-over-year growth it is 157%. Okay. Agri, 56%. Total growth is 88.62%. Yield on gold loans under retail sector is 8.04%. Okay. Sir, we have a kind of industry-leading CASA and our NCR is also industry-leading. On liquidity side, we are very strong. How do you see because banks would have constrained in terms of deposits going forward and CDs rates are also moving up. How do you see your yield kind of, your NIM kind of moving in the next year? NIM, we have given direction that we are going to remain above 3%. In that way, CASA and rightly said by you, liquidity is not a concern for us. Previous year we maintained 210% actually as liquidity coverage ratio. CD also we have closed by 73.90%. Ample scope of advances and also liquidity we are having, which can support our growth. Having good CASA base, we have actually good margin also, through which we can maintain the NIM side. Our focus area for this year, current year also and onward, focus upon building upon our strong CASA build and base. Aligning with the customer behavior, we are providing them ample opportunities for actually invest and all through our digital app and all. Regarding advances, RAM side, where better margins are available, this is focus. Our 68% book as of March 26 is belonging to RAM. That is also going to continue. We have given 65%, 35%, ± 5% guidance. Therefore, I am sure, confident that we will be able to maintain NIM above 3%. Okay. sir, does that answer your question? You wanna ask more? No, I'm fine. I am done with my questions. Thank you. A reminder to all the participants. As there are no further questions from the participants, I now hand the conference over to the management for closing comments. Yeah. Thanks for the opportunity. Thank you for asking very good question and giving us opportunity to actually present the numbers and also strategy in front of you all investors. I can tell you that Central Bank of India actually not only we believe in numbers, but also we believe in capability building and also our strategy for main focus towards building CASA, retail agriculture MSME, containment of slippages, improvement in overall improvement in asset quality. These are going to be the main focus area. I will be very happy to assure you all that all stakeholders kind of dividend which we have given this year also and that is going to be maintained. In that way, thanks for this opportunity and meeting. Anything else? I'm sorry, sir, to interrupt. We have one question in the queue. Can we take it? Yes, please. You can. All right. We will take the next question from Pranay from J&G. Please go ahead. Yeah. Thank you. Thank you, sir, for this opportunity, and sorry for punching this a little late. If I take off the two one-off items, which is the tax impact for that provision and then your income tax refund, our net profit would get basically settle at around INR 1,050 crores, if I'm right? For the quarter? INR 632 crore and INR 732 crore. Ah. INR 732 crore and INR 632 crore. INR 732 crore +INR 632 crore -INR 431 crore. INR 925 crore. INR 925 crore. What was the tax? Yeah. These tax refunds, because we were supposed to make the payment advance tax and all, we are making, whereas we were not required to actually pay any taxes because we had the business losses. These, I mean, even though it appears as a one-off item, but it has been a regular feature for the last five years if you can see. Right from 2021 onwards, we are getting these refunds. This INR 632 crores DTA impact, yes. This, I agree that this is actually one time. One time. This will not be there next time onwards. Yeah. In March 2025, we had INR 318 crores as other income. How much income tax refund would have been in that? What would be that component over there? March 25 quarter you are saying? No, year-end March 2025. Mm-hmm. In interest income, there is one line item, others, which is INR 318 crores. Yeah. Out of that, income tax refund was around INR 280.72 crores. Okay. Okay. Okay, sir. Thank you so much. Thank you. Thank you. That was the last question for today. On behalf of Systematix Shares and Stock Limited, that concludes this conference. Thank you all for joining us today, and you may now disconnect your lines.