Q1FY23 Financial Results
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BUSINESS HIGHLIGHTS – Q1FY23
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Continued momentum in the demand for home loans
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92% of new loan applications were received through the digital mode
Approvals and disbursements grew by 60% and 66% respectively in Q1FY23 over Q1FY22
Disbursements in Q1FY23 were the highest ever disbursements in the first quarter of
any financial year
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28% growth in individual loans (after adding back loans sold in the preceding 12 months)
Highest percentage growth in individual loans on an AUM basis in the past 8 years
Significant improvement in asset quality
The collection efficiency for individual loans on a cumulative basis stood at over 99%
Reduction in aggregate of Stage 2 and Stage 3 assets to 6.5% of the Exposure at
Default as at June 30, 2022 compared to 9.2% as at June 30, 2021
• Credit costs at 0.33% (PY: 0.50%)
Outstanding loans restructured under RBI's Resolution Framework OTR 1.0 and 2.0 at
0.77% of the loan book (reduced from peak of 1.4% in Sep-21)
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