SCUFs 1QFY17 performance was on track with disbursements at a 15-quarter high at 27%, driven by strong growth across segments. AUM growth ( 17% YoY) was driven by core segments 2W ( 22%) and SME ( 20%). With 80bps QoQ NIM improvement and 8% decline in opex (C-I down 650bps), PPOP grew ~21%.