On merged basis BoB has Rs1.06tn of exposure to NBFCs which is at 15% of loans and is extremely high and accounts for some stress as well BOB's earnings saw marginal miss with our estimates at Rs7.1bn (PLe: Rs8.7bn) mainly from lower other income & higher opex from the merger. Provisions though remains elevated on continued slippages was largely in line with expectations. Slippages came in higher with corporate slippages at Rs15.0bn from Rs55.8bn was from the watchlist. But the watch-list has...