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Banks set for mixed Q2 show as NIMs weaken despite profit growth
Source: Hindu BusinessLine · 1 day ago
Summary
The top five banks are projected to increase their profit after tax by roughly seven to seventeen percent compared with the previous year. However, most of these institutions are expected to see a decline in net interest margins during the second quarter. This mix of higher earnings and weaker margins suggests a varied performance across the sector.
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From the original report
PAT growth for the top five lenders is estimated at 7-17 per cent year-on-year, while NIMs are expected to contract across most banks
Excerpt from Hindu BusinessLine.
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