Higher slippages offset a decline in cost of funds keeping margins flat at ~2.9%. Hence, NII growth came in at 14% YoY to | 1955 crore. Other income rose 133% YoY to | 1039 crore, led by one-off income tax refund of | 296 crore and healthy growth in fee based income. Healthy topline & steady opex aided operational performance with PPP at | 1919 crore, up 67.3% YoY. Excluding one-off tax refund, growth in PPP remains healthy at 41.5% YoY to | 1623 crore. Despite higher provision and tax outgo (as the bank shifted to new tax regime), earnings came at | 247 core, up 62% YoY....