Kotak Mahindra Bank’s (KMB) Q3FY23 earnings once again demonstrated its upbeat stance on repricing benefit, advances growth and credit cost outlook. Factors driving the earnings beat include surge in NIMs to 5.47% (up 30bps QoQ), advances growth of 23% YoY / 6% QoQ, modest credit cost of 27bps and treasury hit being contained at Rs0.51bn.