Q1 2024 Indiabulls Housing Finance Ltd Earnings Call Transcript
Ladies and gentlemen, good day, and welcome to the Q1 FY '24 Earnings Conference Call for Indiabulls Housing. We have with us on the call today, Mr. Gagan Banga, Vice Chairman, MD and CEO; Mr. Rajiv Gandhi, MD and CEO, ICCL; Mr. Ramnath Shenoy, Head, IR and Analytics; Mr. Ashwin Mallick, Head Treasury; Mr. Sachin Chaudhary, Chief Operating Officer; and Mr. Mukesh Garg, Chief Financial Officer. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Gagan Banga, MD and CEO. Thank you, and over to you, sir.
Thank you. A very good day to all of you, and welcome to the quarter 1 fiscal '24 earnings call. Banks and financial institutions fail, not because of bad credit, but because of lack of liquidity to service dues or debt, essentially an ALM management failure. This is true in the case of Lehman Brothers back in 2008, and it is also true of the recent bank and nonbank failures globally.
ALM risk is inherent and all
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