Repco reported steady growth for Q1FY15 with NII increasing by 25% yoy to Rs 530mln. Loan book grew at a robust 31% yoy to Rs 48.9 bln driven by 35% and 24% yoy growth in sanctions and disbursements respectively. NIMs declined 30bps yoy to 4.4% on account of interest reversals on higher slippages and higher funding costs. Share of LAP loans increased further to 19.2% from 18.7% in previous quarter. PAT grew by modest 11.2% yoy to Rs 248 mln due to Rs 32mln charged on account of DTL on Special Reserve as per NHB circular. Excluding this impact PAT growth was 25.6% yoy. Asset quality worsened due to...