taken a call on your interest rates following the credit policy?
We didn’t had ALCO meeting after the policy announcement. Last April, when policy rate was cut, we were among one of the first banks to cut our base rate. We believe whenever it is possible we must give benefits to our existing customers.
Will we see lot of restructuring coming from the corporate side in the coming quarters?
I have always been saying that on the corporate book we have to watch project by project and company by company. So, some companies or projects will have stress but that does not mean that the overall quality is at a risk. If you see this quarter even our restructured asset number has been pretty stable. In some quarters you will have some addition to NPAs, you will have some additions to restructured assets. But none of these are really the numbers that are alarming At the end of FY2012-13 our additions to restructured assets will be lower than the additions in FY2011-12.