NII and PAT has grown by 21% YoY each, is in line with our expectations. Loan growth has further accelerated to 24% YoY. NIMs at 4.3% are stable on a YoY basis. Improvement in operating efficiency (C/I ratio of 39.9% as against 41.5% last year) has offset impact of lower treasury profits. Fee income growth is strong at 26% YoY. Asset quality has been stable and has been one of the best in the sector. Credit cost is contained at 1% annualized for the quarter. We retain our BUY rating with a TP of...