NII grew 13.4% YoY/ 6.8% QoQ, due to reduction in borrowing cost. Provisions increased 78.1% YoY/10.9% QoQ, due to extra provisioning given challenging economic conditions Asset quality remained under pressure as GNPA/NNPA ratio declining sequentially at 7.6%/6.0% in Q3FY20 (vs 7.2%/5.8% in Q2FY20). We rolled forward the valuation to FY22E and arrive at a target price of Rs. 416 based on SOTP, retain our BUY rating on the stock. NII aids bottom line, partially offset by higher provisions...