New Delhi, Aug. 28 -- Several Indian banks are expecting their net interest margins (NIMs) to improve in the second half of the current financial year after reporting a weak performance in the April-June quarter, according to a report by S&P Global.
The earnings in the first quarter of FY26 were dragged down by a sharp reduction in interest rates.
The report highlighted that four of the top six Indian banks posted a decline in net income in the fiscal first quarter ended June 30. The fall came partly due to the Reserve Bank of India's decision to reduce benchmark interest rates by 100 basis points since the beginning of 2025.
Among the large lenders, State Bank of India (SBI) reported a net profit of 212.01 billion rupees in the April-...
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