I don’t think sir , it is a masterstroke. It will lead to compression in NIM and ultimately will reflect in ROA.
It is RBI action which leads to such action by management. The same concern is raised in QnA in recent concall and management very beautifully diverted to “strategy which is expected to drive growth”. I began to smile after listening management answer and also admire the quality of how to show positiveness in negative things.
Disclosure: Invested from 89 levels. Will love to hear your counter views.
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