💨 Abstract

State Bank of India (SBI) reported a 3% net interest margin for Q3, despite a drop in domestic margins. Indian lenders are facing pressure to raise deposits to meet credit demand, leading to higher deposit rates and slower loan growth, hurting margins. SBI's domestic NIM fell to 3.15% from 3.27% in Q2 and 3.34% a year earlier.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖