FB posted a largely in-line set of earnings at Rs3.0bn (PLe: Rs2.82bn) and core PPOP of Rs5.9bn (PLe: Rs6.1bn). Overall PPOP was boosted by strong trading profits and used it to make higher provisions for overdue accounts, COVID impact on certain sectors and improve PCR with benefit of lower slippages from moratorium standstill. Bank also had to provide acturial employee benefits of Rs1.2bn owing to drop in yields. Adjusting to COVID, core performance would have been undeterred but seems slippgaes run rate...