PAT declined by 3% QoQ, but rose 4% YoY to INR891m (12% miss) in 3QFY22. NII fell 3% QoQ, but rose 12% YoY to INR1.58b (8% miss). Other income grew 28% QoQ and 15% YoY due to healthy sequential growth in assignment income (up 37% QoQ and 12% YoY). Opex (in line) rose 5% QoQ and 37% YoY, led by investments in distribution and normalization of other expenses like advertising and travel. AAVAS added only one branch in Odisha in 3QFY22. Sharp reduction in 1+dpd to 6.45% (down ~240bp QoQ, but broadly flat on...