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Is McK going downhill?
Lol have fun

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Nope,
It depends upon your CCTC or the counter offer you are having.
Just because you are getting P3 band, and if your current CTC is 5-7 LPA then you cannot expect to get 20CTC.
If you have a counter offer with 15LPA then you can get 20LPA.
It all depends upon your Years of experience also.
You can get 12 LPA With 2-3 YOE being P2
Same 4-5 YOE with 12 LPA are being in P3.
So both YOE and CTC plays the roles
Pro
22-30 L