Restructured book stood at 0.9% of AUM; collection efficiency at 97.6% Not just supported by other income gains, but also core profitability and controlled asset quality, Q3FY21 proved to be a healthy quarter for HDFC. The biggest positive came in the form of improved asset quality on the back of (a) GNPA at 1.9% (vs our estimates of 2.1%), (b) restructured book restricted to 0.9%, (c) collection efficiency for individual home loans climbing to ~98% and (d) consistent high order PCR at 49%. Robust collection efficiency into retail loan book at 98%+ led by stronger recoveries and sustenance of pricing...