Fresh slippages fell to INR41.47b (v/s INR54.6b in 2QFY22), while higher recoveries and upgrades at IN32.88b and write-offs of INR17.07b enabled a 36bp/17bp QoQ decline in GNPA/NNPA ratio. Net NPA fell below 1% to 0.91%. We expect AXSB to deliver an FY24E RoA/RoE of 1.6%/16.1% in...