Healthy balance sheet growth with loans/deposits growing by 28%/20% respectively. CASA expands by 710bps YoY and 120bps QoQ to 44%. NII and PAT growth of 20% and 27%, largely in line with our expectations. NIM steady at 4%, has further levers to move upwards. Large divergence for FY17 accounts of Rs13.5bn. However, large part of it is recovered (Rs7.8bn), already recognised (Rs2.4bn), sold to ARC (Rs1.2bn) or written-off (Rs0.3bn). The balance Rs1.9bn is recognised during Q4FY18. Annualized slippages has increased to 2.4% as against 1.3% last quarter. GNPA is...