Headline asset quality continued to witness deterioration in Q1FY19. GNPA ratio saw a sequential increase of 43 bps to 1.21%, partly seasonal also. As per NHB norms, total gross NPAs of the company were at | 2036 crore vs. | 1304 crore in Q4FY18 (may not be fully comparable in Ind-As). Gross NPA in individual segment was 0.81% Margins remained under pressure with ~15 bps YoY decline to 2.34%, lower than our estimate. Advances traction came in line with estimate at 15% YoY to | 168652 crore. Individual book increased...