Net Interest Income (NII) has grown by 12.6% on a sequential basis, with Net Interest Margin (NIM) improved to 3.86%, compared to 3.01% in the previous quarter. Currently Gross/Net NPA stands at 2.83%/1.23% compared to 2.62%/1.17% in Q2FY20, while 7x sequential increase in provisions has pulled down the net income for the quarter. The cost to income (C/I) ratio stood at 73.52% in Q3FY20. We expect loans & advances to grow at a CAGR of 18% over FY20E22E and NII to grow at a CAGR of 35% over the same period....