Sunday, July 2, 2023

Net interest margin of banks jumps 46bps to 3.3%

Banks' net interest margin (NIM), a key profitability gauge, grew 46 basis points (100bps = 1 percentage point) to 3.3% in January-March quarter, driven by slower deposit rate resetting, a study showed.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/iqbotrX

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