Also, a key overhang relating to the re-appointment of its managing director and CEO Sanjay Agarwal is out of the way. Still, investors are jittery. The stock fell 2.5% on Wednesday.
Headwinds are seen emerging on the net interest margin (NIM) front as cost of funds continue to inch up. After a moderate 10 basis point (bps) sequential decline in NIM at 6.1%, investors should brace for a higher fall in this metric in FY24.
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