This story is from February 20, 2023
Banks’ net interest income soars 26%
Mumbai: Net interest income (NIM) of banks grew by a record 25.5% to Rs 1.8 lakh crore in the December quarter, driven by a healthy credit offtake and higher yield on advances. The quarter saw banks booking higher yields on advances as the system-wide core profitability metric NIM rose to 3.28%, according to an analysis by Care Ratings. agencies
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Top Comment
Godfather Senior
658 days ago
No wonder, their basis of not passing the RBI's rules to benefit the small time borrower that is in smaller amounts, but when counted in a whole that is surely in millions!Read allPost comment
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