SBIN’s 4QFY24 PAT grew 24% YoY to INR207b (28% beat), driven byhigher other income, lower opex and lower-than-expected provisions. NII grew 3.1% YoY/4.6% QoQ (in line). NIMs expanded 8bp QoQ to 3.3% (domestic NIMs at 3.47%, up 13bp QoQ).