AXSB reported a loss of INR21.9b, led by elevated provisions, as the bank accelerated recognition of stressed assets, leading to slippages of INR165.4b(15.4% annualized). NII stood at INR47.3b (flat QoQ/YoY; 2% miss). NIM contracted 50bp YoY, negating 18% YoY advances growth. Other income declined 7.5% YoY to INR27.9b due to weak treasury income against a high base. This, coupled with 10%/14% QoQ/YoY rise in opex, led to a16% YoY decline in PPoP. Loan growth stood healthy at 18% YoY (+23% YoY in retail; +20% YoY in SME).Deposit base grew much faster off a sequentially low base at 11% QoQ.Reported CASA mix, thus, increased 500bp QoQ to 54% (46% on average basis,flat QoQ)