ICICI Securities Ltd | Retail Equity Research PAT at | 539 crore (up 2% YoY) was in line but mainly aided by lower than expected provisions & high fee income (up 63% YoY) On the operational front, the performance was muted with PPP declining 3% YoY to | 867 crore. This is owing to 3.5% YoY decline in NII to | 1004 crore and rise in operating expenses (CIR was at 20.5%, higher than seen in last several quarters) Headline asset quality witnessed improvement QoQ, which is also a...