Higher slippages were dampener with uptick in retail, at same time stressed asset book is reducing from repayments which is comforting IIB profitability of Rs13.8bn (PLe: Rs15.3) was lower than estimates mainly on back of marginally slower PPOP and higher provisions undertaken to enhance PCR from the benefit of lower tax rate. Few disappointments have been on (i) sharp slowdown in loan growth rate to 21% YoY and only 14% YoY loan growth if BHAFIN book is used to rebase (ii) Higher slippage than run...