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Lending rate cuts likely to put pressure on banks' margins
In the wake of the Reserve Bank of India’s (RBI) rate reversal signal, the ongoing and impending reductions in banks’ base rate — the benchmark lending rate to which all loans are linked — may deplete lenders’ margins. Especially those of public sector lenders, which had aggressively raised deposit rates only last month and which they have to service for at least a year. Banks
In the wake of the Reserve Bank of India’s (RBI) rate reversal signal, the ongoing and impending reductions in banks’ base rate — the benchmark lending rate to which all loans are linked — may deplete lenders’ margins. Especially those of public sector lenders, which had aggressively raised deposit rates only last month and which they have to service for at least a year. Banks
Need to provide Rs 5,000 cr to increase coverage ratio: OP Bhatt
State Bank of India Chairman OP Bhatt addressed a press conference to announce the bank’s results and dwell on his expectations in the months ahead. Excerpts: Most Read Google unveils new
State Bank of India Chairman OP Bhatt addressed a press conference to announce the bank’s results and dwell on his expectations in the months ahead. Excerpts: Most Read Google unveils new
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