For Q1FY21, HDFC Bank's operational performance was largely in line with expectations, but asset quality deteriorated slightly q-o-q, as agriculture loans turned a pain point. Nevertheless, management commentary was positive and reassuring and indicated a bright long-term outlook. For Q1FY21, the net interest income (NII) stood at Rs. 15,665 crores, up 17.8% y-o-y (in line with expectations), while PAT stood at Rs. 6,658 crore, up 19.6% y-o-y (in line) with net interest margins (NIMs) at 4.3%, stable sequentially and within the guidance range. Other income at Rs 4,075.3 crore, amounted to 20.6% of net revenues, helped by treasury gains...