Slippages have eased significantly to 1.2% (Rs4.9bn) as against 5.5% last quarter. As a result GNPA improved by 10bps sequentially to 1.7%. Yet credit cost of 18bps helped in 310bps imrprovement in provision coverage to 46.4%. Healthy balance sheet growth with loans/deposits growing by 47%/30% respectively. CASA expands by 470bps YoY and 80bps QoQ to 38.0%. NIM deteriorated 20bps sequentially to 3.5% partly attributable to raising of perpetual debt as well as Tier II bonds during the quarter. Despite lower than expected NII and higher than estimated credit cost, PAT beats...