Kotak Mahindra Bank Limited CC-Sep23.pdf · 2023-10-21
Let me explain Kunal. If you look at just yield on advances, it's about the same level. If you look at cost of deposits, it's up by about 20 bps, yes. So roughly, that's the NIM drop. The delta of 15 bps is arising out o f all the other aspects, which Jaimin mentioned, most of which is unlikely to repeat next quarter.
Kunal, I don't get your question, but that's not relevant. The RBI has given its approval to our recommendation. I guess that's good enough.