Kotak Mahindra Asset Management's Shibani Sircar Kurian believes that margins for the banking sector have bottomed out, and the sector should drive earnings growth for FY23 and FY24. The loan growth and deposit momentum have remained strong, and the exit margins are high, which will have a positive impact on banking margins going forward. However, the IT sector's outlook is uncertain due to cost-cutting measures and cautious designs of IT budgets, leading to muted growth and margins.