We did highlight a quarter ago that SHTF balance sheet is on the path of mend and Q3FY20 healthy earnings set corroborates our stance. Amidst sectoral headwinds and funding challenges, SHTF put up decent 5%YoY AUM growth, remaining flat QoQ largely led by used CV loans that grew healthy 7.5%YoY/ 1.5%QoQ. The used CV mix inched up 207bps YoY to 85% supporting margins and growth alike. While funding pressures sustained for past couple of quarters, Q3 witnessed slight higher overseas borrowing costs coupled with...