Banking News
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Source: Economic Times
Economic Times
Source
Earnings & Results
Category
4 min
Read time
20 Jul
Published
Earnings & Results
4 min read· Economic TimesIndia's private banks draw thinner margins on tepid credit growth
Top private sector banks reported weaker net interest margins (NIMs) in the June quarter as sluggish retail loan demand pushed them towards lower-yielding corporate loans. HDFC Bank's NIM fell to 3.26%, Kotak Mahindra Bank's dropped to a 19-quarter low of 4.53%, while Axis Bank's stood at 3.46%.
Top private sector banks reported weaker net interest margins (NIMs) in the June quarter as sluggish retail loan demand pushed them towards lower-yielding corporate loans. HDFC Bank's NIM fell to 3.26%, Kotak Mahindra Bank's dropped to a 19-quarter low of 4.53%, while Axis Bank's stood at 3.46%.
#HDFC#KOTAK#AXIS
Source: Economic Times