Profit of ~Rs 17.6 bn received from stake sale in SBI Life helped buoy SBIN's Q3PAT to Rs 26 bn. Loan growth remained muted (+4% YoY) due to ~11% YoY decline in SME loans and largely flat large corporate book. Tailwinds from demonetization aided SA accrual (CASA up 35% YoY; ratio improved ~400 bps..