3QFY22) is in upward trajectory with continuous improvement in CD ratio. On the business front, the bank has been reporting stable credit growth (7% sequential jump seen in previous quarter) across segments. The bank's recoveries are in line with the guidance and we expect the credit cost to be below 2% for FY22 and FY23. Moreover, the bank has raised capital in FY21 which resulted in the CET -1 of 10.1% (at par); thus we believe the bank may raise capital from stake sales of AMC,...