Profits seem below expectations at Rs 899 Crs or $225 mln esp as the expectation was a good 10% on the upside for NII, the Bank delivering less than $250 million even at 40 to the dollar, NIMs comparing with global peers in a far more unleveraged structure and NPAs rising despite spreads being almost static across the sector, the slow bear downhill is fast looking to break the ice in the lake..Welcome to bouts of snow in midday heat

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