Advances at INR 1769.3 bn grew at a steadily by 24% yoy led by 29% growth in the retail book and 21% growth in the corporate book. The growth in advances is majorly supported by small business/PL/credit card book which grew at a higher rate of 43% followed by CV financing which grew at 40%. NII at INR 25.8 bn grew 15% yoy/ flat qoq. Immediate effect of increase in the cost of funds led to 18 bps contraction in NIMs (calc.) qoq, which should be offset by increase in MCLR rates which is to come with a lag. Fee income continued to grow at a healthy rate of 23%. The bank delivered a PPOP of INR 20.4 bn, +27% yoy/1% qoq on back of improving cost/assets ratio (2.56%; -11 bps qoq). Provisioning was INR 4.69 bn, up 131% yoy/53% qoq, translating into credit costs of 76 bps vs 48 bps last quarter. High provisioning was mainly on account of high MTM losses as the bank did not opt for the RBI's dispensation. The bank also opted for increasing PCR to 60.8% (+436 bps qoq) in a move to strengthen the balance sheet....