Q4FY21 Net interest income shrunk 22.6% YoY, with domestic NIM contracting 102bps YoY to 2.16% Pre-provision operating profit fell 21.0% YoY while PAT reached Rs. 250cr, owing to lower provisioning in the quarter. We expect the credit costs and NIM margins to worsen on account of weak asset quality (particularly from stressed MSME segment). If Stimulus from government is announced, then it may act as turnaround catalyst for growth in loan book. However given current uncertainties,...