We maintain our HOLD rating on the stock, with a revised target price of Rs 2,499, based on SOTP valuation. Net profit grew 60.6% YoY in Q2FY20 Net interest income increased by 16.7% YoY, while NIM remained flat at 3.3% in Q2FY20 (vs. 3.3% in Q2FY19 & Q1FY20). Pre-provision profit grew 35.8% to Rs. 5,285cr helped by one-time gain from sale of stake in GRUH finance and dividend income, while provisions increased 87.9% YoY. Resultantly, PAT increased 60.6% YoY to Rs. 3,962cr which was driven by lower corporate tax rate. Dividend income rose to...