stay robust clocking 53%QoQ growth aiding fees/others (15%QoQ/31%YoY). Going forward, while credit costs pressures are expected to recede (7-8% from current 9%) in commensurate with reduction in RBI RE stock (already down to 2% of overall loans from 9% a year ago), the increased costs (200300bps rise in cost-income over FY22-24 to 62%) to offset the same. Moreover, as normalization returns, we foresee strong fees traction (16%CAGR) to compensate for tepid NIMs (13%+) over FY22-24. Improving asset quality trends to compensate for growing cost pressures especially led by competition & regulatory hindrances (regulation on MDR) and...