Margin squeeze to dent banks’ Q1 profits, loan growth may offer silver lining

Margin squeeze to dent banks’ Q1 profits, loan growth may offer silver lining

State-run and private sector banks may face modest earnings growth in the fiscal first quarter squeezed by pressures on net interest margin (NIM) mainly due to higher deposit costs. While compressed NIM can hurt profitability, this will be partially offset by loan growth outpacing deposit growth, and robust treasury earnings helped by lower bond yields … Read more