NII grew 52%/36% YoY/QoQ to INR11.5b, largely led by 440bp QoQ expansion in NIM (calculated) to 17%. This was driven by a 380bp QoQ rise in calculated yields to 24% and a 100bp decline in cost of funds to 8.8%. The company witnessed strong penal interest collections from overdue accounts, which resulted in a sharp spike in yields. Branch rationalization and lower employee count led to a 900bp sequential...