HDFCB reported an in line performance, though margin fell by 10bp QoQ on higher interest reversals, unfavorable asset mix, and lower revolving balances on Credit Cards. The bank further shored up its contingent provisions by INR6b to ~INR66b (~0.6% of loans), though this dragged net earnings growth to 16% YoY the lowest in the past many years. Advances growth stood at 14% YoY, led by healthy trends in the Commercial and Rural Banking portfolio, while Retail growth was muted due to a sharp (7% QoQ) decline in the Credit Cards portfolio, which was...