Despite reporting a mixed trend on assets quality and moderate operating performance in 1QFY21, the best in class franchise, comfortable liquidity position and adequate coverage place the bank in a sweet spot. The bank used algorithm to declare fresh slippages (Slippages ratio of 1.2%, which is higher than the expectation) along with moratorium book of 9% (lowest among peers). During the quarter it reported sequentially higher provisioning expenses (38.9bn v/s 37.8bn in 4QFY20). The contingent provision stood 1.1% of loan book, while we expect ~1% of book may come under...