Post interest cap law the interbank rate has hit a low of 2.64%. Currently it is at 6.20% despite CBK puts to support liquidity in the sector. Granted it is not a sure proof indicator especially after the collapse of three banks but double digit levels would indicate distress.
Parliament has inadvertently and unwittingly turned KE's banking model on its head. Soon enough, some bank will be gasping for air with limited avenues to avail the same.
With a challenging Q4 about to commence, banks had better have their A-game in all aspects concerning risk and liquidity management. Thinner margins and bad macros imply less room for error.
The main purpose of the stock market is to make fools of as many people as possible.