Stressed assets (BB & below + SR + restructuring) book has declined by another 30bps during the quarter to 2.4% of loan book. Slippages are tad higher at 3.2% as against 2.4% last quarter, attributable to higher slippage in watch list. Loan growth moderates at 13%, driven by retail and SME segment. NII growth of 18% is 5% ahead of our estimates. On the back of recovery from written off accounts of Rs10bn, PAT is 35% ahead of our estimate. We have retained our ACCUMULATE rating marginally...