The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Manish B. Shukla - Axis Capital Limited, Research Division - Analyst
: Mr. Uday, just question here. This is the first time that we have a large portion of balance sheet for the banking system linked to repo rate, which
depending upon which economies you're talk to is expected to go up by 100 to 150 basis points over the next 12 to 18 months. How do you see
the customer behavior changing for this set of customers, primarily home loans and MSME when we see such a large rate hike in a such a short
duration of time?
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MAY 04, 2022 / 12:30PM, KTKM.NS - Q4 2022 Kotak Mahindra Bank Ltd Earnings Call
Question: Manish B. Shukla - Axis Capital Limited, Research Division - Analyst
: It's more like a cumulative rate hike because in the past cycle, while repo rate did change by 100 to 150 basis points, we didn't see the benchmark
rate change by the same order of magnitude, right. And at this time, the benchmark is changing.
Question: Manish B. Shukla - Axis Capital Limited, Research Division - Analyst
: Could you please quantify the MTM hit for the fourth quarter?
Question: Manish B. Shukla - Axis Capital Limited, Research Division - Analyst
: For you, sorry, for MTM moving towards...
Question: Manish B. Shukla - Axis Capital Limited, Research Division - Analyst
: So last quarter, about 60% of the book was in AFS as of December. Has that meaningfully changed during the quarter?
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