Advances growth for the bank has been muted at just 2.1% yoy and -4.7% qoq. On back of such growth and compression in NIMs (of 15 bps yoy), NII has grown at 4.2% yoy. On qoq basis, NIMs expanded by 10 bps (yield on advances up 79 bps), and as a result, NII growth was 4.7%. Total income growth was 10.5% yoy (driven by non-interest income growth of 22.7%) and -8.8% qoq (driven by 24.8% de-growth in non-interest income). On the operational expense front, the bank has performed well with cost/income improving by 164 bps yoy to 48% (qoq not comparable on account of excess fair value of plan assets over PV of obligation in Q4FY17). As a result, pre-provisioning profit is up 14.1% yoy. Credit costs for the bank were at 2.6% (vs. 2.3% in Q1FY17 and 5.5% in Q4FY17). PAT has grown by 12.1% qoq (31.1% yoy) with RoA at 0.19% (vs. 0.19% for Q1FY17 and 0.15% for Q4FY17). Gross NPAs grew by 2% yoy and 4% qoq, thus forming 13.66% of the advances (up 113 bps qoq, down 9 bps yoy). While the growth in absolute...