Loan growth to improve going ahead: Post-demonetization, the loan sanctions and disbursements have consistently de-grown resulting in slower loan growth. In Q2FY18, while sanctions and disbursements continued to de-grow, the same increased at a robust pace, on QoQ basis, by 23.4% and 37.2%, respectively. Over the next few years, the management expects loan growth of +25% ex-Tamil Nadu (may take time to pick up pace considering slower business recovery postdemonetisation). The company plans to maintain its LAP book close to 19% of total book. Over FY17-19E, on the back of expected business recovery and government's focus on affordable housing segment, we expect loan book to...