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KRChoksey Report
Key takeaways -
The banks have front ended credit costs on higher anticipation of stress assets.
However collection efficiency for larger banks, especially, have fared well. Collections have been between 94%-97% across large banks, especially. There has been a month-on-month improvement in October too.
The advance growth beat industry trend for select banks while other have been far lower than long term trend.
Net interest margins have improved but this improvement in not secular across banks.
Cost to income rose sequentially as the previous quarter was an exception.
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