What are the plans for the stressed assets unit that you have created?Now the stressed asset portfolio has a provision coverage ratio of 74%, we can segregate into a separate subsidiary or create a bad bank outside the bank without any pressure of additional provisions. The quality is good, the technology is there and with the focus on retail, the residual bank will be best in class. Once these NPAs are taken out we will be having something like 0.5% NPA The write-down of the additional tier 1 bonds have helped the bank report a profit. If there is no income generation, you cannot expect the borrower to start repaying interest and principal from June 1. If people are sitting in the corporate office, why can I not use them for business divisions, analytics, or for customer calls? We need to work out a way to make sure liquidity is available to persons who can support a large number of SMEs. We have reduced our deposits by 25 basis points and the cost of funds has come down sequentially. We will gradually align with the market but not to the extent that the large public sector banks have done. Are you offering a moratorium on repayments to non-banking finance companies?So far we have not included because we were following the view of the Indian Banks Association. There have been allegations against the bank’s promoters concerning some loans..That is a separate thing which is being taken care of external agencies.
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