Strong disbursals, stabilising repayments sustaining stronger AUM growth HDFC's overall book on an AUM basis (on balance sheet + assigned loans) grew 16.4%YoY while the individual AUM growth was robust at ~18%YoY. These figures compare with 15.1%YoY and 17.4%YoY respectively in Q4FY16. While the sale through assignment route has been quite strong (outstanding assigned portfolio up 28.8%YoY), the robust 26%YoY growth in disbursals in individual segment has kept the individual loan segment growth (16.1%YoY excluding assigned loans) in an improvement trajectory for a second consecutive quarter. Our current estimate of on-balance sheet loan growth stands at 17% CAGR FY16-FY18E. The individual loan...