Strong beat in NII with growth of 16% YoY as NIMs improve 4bps QoQ to 3.0% SBI's earnings of Rs41.9bn was strong beat on our estimate (PLe: Rs25.8bn) on back of very strong NII growth of 16% YoY/17% QoQ which also drew beat in core PPOP. Bank's provisions were slightly higher on Rs52bn towards fraud related a/c & Rs18bn of COVID provisions with total o/s now at Rs30bn. Moratorium book with less than two EMIs paid came down to sub 10% of term...