SCUFs shift to 150DPD weighed in on 4Q earnings by ~Rs 1.77bn, of which income de-recognition accounted for Rs 300mn while Rs 1.4bn was for higher provisions. GNPAs at Rs 9.8bn (5.2%) zoomed 55% QoQ and NNPAs (Rs 3bn, 1.6%) more than doubled. As SCUF maintained relatively higher PCR at 70%, provisions jumped ~2x QoQ.