Improved NIM, growth in loans and deposits, comfortable cumulative provisions and stable asset quality should aid growth in the upcoming quarters. Hence, we reiterate our BUY rating on the stock with a revised TP of Rs. 603 based on 1.7x FY22E BVPS. Net interest margin expansion helps performance In Q2FY21, Interest income rose by 4.0% YoY to Rs. 16,063cr. However, Net interest income (NII) witnessed a solid growth of 20.1% YoY (+4.9% QoQ) supported by the expansion in Net interest margin of 3.58%, up 7bps YoY and 18bps QoQ basis. The...