sir i guess you don’t got my point, i was saying that for Cholamandalam they have loan book at fixed rate so when interest rate decline then their cost of borrowing will decline (as they will offer lower interest on FDs and if they source fund from banks then it also be at less interest rate),but their interest income cost won’t decline because they have fixed cost loan book, so eventually their NIM will improve,that is was i was trying to convey.
Although what you are saying is absolutely right from customer’s point of view.Hope you will get it now.
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