Q4FY20 AUM grew 27% YoY to Rs. 147,153cr. As of April 30th, 27% of the consolidated AUM was under mortarium. Net interest income rose 38.4% YoY to Rs. 4,679cr in 4QFY20. However, PAT fell 19.4% YoY due to high provisioning (+377.4% YoY). Excluding COVID-19 provisioning, adjusted PAT rose 37.9% YoY. Capital adequacy ratio declined to 25.0% vs. 26.8% in Q3FY20, and TierI ratio also deteriorated to 21.3% vs. 23.2% in Q3FY20. Recording strong topline performance in this quarter we believe that the heavy provisioning will give enough buffer in this challenging...