Web Sify
Follow us on
Sify.com » Topics » Net interest margin
Net interest margin News

Banks' net interest margins to remain under pressure
A rise in cost of deposits has resulted in a significant drop in net interest margin (NIMs) of banks in consecutive quarters. They expect NIMs to fall in the current financial year, too. NIMs of 32 public and private banks have declined by 13 basis points (bps) over year-before levels and 26 bps over the highest average margins of 3.42 per cent recorded in December 2010. In the fourth quarter, the