The bank’s NIM rose to a multi-quarter high of 5.75%, up 28 basis points from Q3. The higher mix of floating rate loans has helped in faster transmission of rates, aiding margin expansion.
However, this could have its own drawback. “We argue NIM is near peak, and once policy rate hikes end in FY24, downward repricing of loans would drag NIM. At 79%, Kotak has the largest share of assets that reprice within a year," Nuvama Research said in a 29 April report. That said, the management expects to sustain NIM at more than 5% even with policy rate cuts.
هذه القصة مأخوذة من طبعة May 02, 2023 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة May 02, 2023 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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