Further despite the rising interest rate scenario, we were able to maintain our borrowing cost at 7.98% for Q2FY23. In the coming quarters, we expect the borrowing cost to remain in that range mainly due to the positive impact on account of the retirement of ECB amounting to USD450million in October 2022 which carried a high cost. We expect that our improved focus on loan disbursements and recovery measures as well as borrowing costs will enable us to maintain NIM around 11-12%. We continue to invest in our various digital initiatives along with our Gold loan@home service. We will continue to work on strengthening our growth strategy with a focus on branch expansion and digital strategy " Standalone Results of Muthoot Finance Ltd and its subsidiaries Muthoot Finance Ltd (MFIN), India's largest gold loan company in terms of the loan portfolio, registered a net profit of Rs. 867 crores in Q2 FY23 as against Rs. 802 inQ1 FY23, an increase of 8% QoQ.