Q3FY19 results of the bank were in-line with our expectations PAT grew by 30% yoy to 3.3 bn. Balance sheet growth was strong credit grew by 24% yoy led by corporate and retail loans. Core fee income (CEB + loan processing) grew by 34% - which is one of the highest growth we have seen in the recent past. Slippages were less at 4.3 bn vs. 4.8 bn last quarter. The bank has front-loaded some of Kerala flood related slippages during the quarter. On the other hand, positively, RBI audit of the bank for the year FY18 is done and there is no NPA divergence to be reported. Cost ratios inched up during the quarter to 50% (up by ~220 bps) due to higher provisions on gratuity (led by increase in gratuity limits) and rise in CSR expenses....