A key driver of this has been microloans, wherein the company has expanded into 17 states the book now accounts for 48% of the total rural lending book compared to 35% in FY17. run-down of the de-focused wholesale lending book (structured finance and debt capital markets) and stronger growth in 2W finance and microloans, the share of retail lending (rural + retail housing finance) is expected to reach 43% by FY22. In the tough operating environment over past one year LTFH witnessed asset quality improvement with the GNPL ratio declining 110bp to 6.0% which is commendable. The improvement has been driven largely by wholesale and rural finance, while asset quality in housing finance has been largely stable. The GNPL ratio in the wholesale finance book is at 9% largely due to legacy stressed loans in the thermal power finance book. These loans comprise half of the total GNPLs in this book.