(+8bp QoQ, +41bp YoY) and a pick-up in loan growth (INR513b, +5%/+8% QoQ/YoY). NIM improved on the back of a 9bp/44bp QoQ/YoY increase in spreads, as the bank's cost of funds declined 6bp/71bp QoQ/YoY. Both slippages (INR4.8b; INR5.1b in 1Q) and recoveries & upgrades (INR1.37b; INR1.9b in 1Q) moderated sequentially, leading to a 6% sequential rise in GNPA (INR59.8b, 10.87% of advances). However, PCR stood strong at 69.2% (marginal down from 70.3% in 1Q). NNPA stood at INR24.4b (4.76% v/s 4.65% of advances in 1Q). Std. restructured loans stood...