Hi All,
Can you please help me understand the high NIM that IDFC has?
Their cost of funds is not cheap, and with thier low credit cost, I assume that they have a high quality loan book and such that will not fetch a super high yields. So, NII has to be average as that of other banks. Their CASA is relatively good though but all considered, How does IDFC First generate such a good NIM compared to its peer banks? I am trying to do the calculation myself to see what sets them apart and unable to do so. Appreciate your thoughts on it.
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