Monday, November 1, 2021

Banks face pressure on NIM as they lower rates to outsmart rivals

Five of the seven state-owned banks that have announced their quarterly earnings so far have reported lower NIM for the September quarter. These banks, however, managed to report a rise in net profit largely on account of bad loan recovery and write-back of provision made in earlier quarters.

from Banking/Finance-Industry-Economic Times https://ift.tt/31bsikk

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