As India grows richer, banks will have to adjust to thinner margins: Indian Bank CEO
Indian Bank's MD & CEO, Binod Kumar, believes that interest rates have bottomed out and that retail deposit rates are likely to rise if credit demand stays strong. He tells Sangita Mehta the 3% net interest margins enjoyed by Indian banks are a luxury that may not last. Net interest margins (NIM) would be further crimped as India moves toward…
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