एतादृश: केशवो5तश्व भूयो नारायण: परमश्चाव्ययश्व । मध्याद्यन्तस्य जगतस्तस्थुषश्न बुभूषतां प्रभवश्वाव्ययश्व
etādṛśaḥ keśavo ’taś ca bhūyo nārāyaṇaḥ paramaś cāvyayaś ca | madhyādyantasya jagatas tasthuṣaś ca bubhūṣatāṃ prabhavaś cāvyayaś ca ||
Bhishma said: Such is Keshava’s greatness—and indeed it is even greater still. He alone is Nārāyaṇa, the supreme and imperishable Person. He is the beginning, the middle, and the end of the entire universe, of all that moves and all that stands. And for beings who seek embodiment and birth in the world, he is the very source of their coming forth; thus he is called the unchanging, imperishable Lord within all.
भीष्म उवाच
The verse identifies Krishna (Keshava) with the supreme, imperishable Narayana: the unchanging source and support of the cosmos, who is simultaneously its beginning, middle, and end, and the causal origin of embodied beings.
Bhishma, speaking in the Anushasana Parva, praises and theologically defines Krishna’s status, presenting him as the supreme Lord who underlies all existence and the process of beings taking birth in the world.