Indian banks’ NIMs to decline by 10 bps on average in 2025-26: Fitch Ratings
Indian banks' net interest margins (NIMs) will likely decline by 10 basis points on average in 2025-26, Fitch Ratings said in a report.
Indian banks' net interest margins (NIMs) will likely decline by 10 basis points on average in 2025-26, Fitch Ratings said in a report.
State-run Bank of Baroda (BoB) on Thursday reported a 5.6 per cent year-on-year (YoY) increase in its net profit for the third quarter of the financial year 2024-25 (Q3 FY25).
The RBI said that the steps were being taken after a review of the current liquidity and financial conditions.
The Banking Laws (Amendment) Bill, 2024, represents a bold step to address long-standing governance, operational, and structural challenges in India’s banking sector.
Benchmark indices closed higher for the day with auto, banking, pharma, and mid- and small-cap healthcare sectors performing well.
The banks will offer three types of deposit products for retirement planning with maturities of five, 10, 15 and 20 years.
Sources in the state public distribution department told IANS that of more than 14,000 ration shops in the state, around 800 shops with facilities would offer the service.
Union Finance Minister Nirmala Sitharaman on Sunday said many districts in the country lack banking presence despite high level of economic activity.
"JAM trinity is a game changer for a country like India, it was futuristic and touched upon the philosophy of Sab Ka Saath, Sab Ka Vikas, Sab Ka Vishwas. The objective was to reach the last man in the line, the remotest corners and people in untouched areas and away from the mainstream, without discrimination,"
The top gainers on the Sensex so far were ITC, Asian Paints and Bharti Airtel, while the major losers were Axis Bank, Kotak Mahindra Bank and Sun Pharmaceutical Industries
