Led by strong growth in fee-based income and loan book along with best-in-class NIMs (4.3%), HDFC Bank continued to deliver a healthy performance on business growth as well as operating front in 2QFY19. NII grew by 20.6% YoY and 8.8% QoQ to Rs117.6bn on higher loan growth and healthy margin. Further, the Bank's core fee income grew by 26.1% YoY and 3.9% QoQ to Rs33bn aided by strong growth in transaction banking fee, third party product distribution income and retail assets fee. Resultantly, its operating profit grew by 21.3% YoY and 9.6% QoQ to Rs94.8bn, while PAT grew by 20.6% YoY and 8.8% QoQ to Rs50.1bn. The Bank's loan book grew by 24.1% YoY and 6% QoQ to Rs7,508bn owing to strong sequential growth in Business Banking (+6.8%),...