IndusInd's deposit growth continues, it reported 8% QoQ increase vs 5% QoQ (Q1FY21) led by higher interest rates on term deposits. However, management guided for decline in deposit rates from Q3FY21 which needs to be watch out for impact on deposit franchise. Bank reported Collection efficiency at 94.7% for September month and improved to 95.6% as on date. NII grew by 13% YoY led by improvement in margins; however non-interest income declined by 10% YoY (up 2% QoQ) due to lower retail disbursements. Consolidated PAT decline by 53% YoY due to higher provisions (up 166% YoY) including floating provisions of Rs.9.5bn on Covid-19. GNPA declined on proforma basis to 2.32% vs 2.53% QoQ; NNPA declined to 0.52% vs 0.86% QoQ as...