"Reliance jio will be competing with large book size NBFCs like Bajaj Finserv who are in actual granular lending in Bharat, not in India. Anand Rathi has presence in 11 different businesses and their aspiration of NIM, of my sister company, is 1.2%. We are anyway not playing the NBFC game. I personally think they will actually expand the universe more from an asset management standpoint. So from an asset management standpoint, it is great news."