We maintain our HOLD rating on the stock, with a revised target price of Rs. 2,550, based on SOTP valuation. NIM remains flat sequentially; One-time gain boosts net profit Net interest income increased by 8.6% YoY to Rs. 3,240cr, while NIM remained at 3.3% in Q3FY20 vs. 3.3% in Q2FY20 and 3.4% in Q3FY19. Profit before tax grew to Rs. 9,143cr from Rs. 2,869cr in Q3FY19, driven by Rs. 9,020cr one-time fair value gain from merger of GRUH Finance with Bandhan Bank, partially offset by higher provisions to Rs. 2,995cr from Rs. 116cr for same quarter last year. One-time gain due to...