Tuesday, September 08
Indian banks are cautiously optimistic about a recovery in their net interest margins (NIMs) in the latter half of the financial year, following a challenging start in the April-June quarter, news agency ANI reported on August 28 based on a recent report by S&P Global.India's banking sector, as a whole, had a mixed performance during the first quarter of FY26, with earnings dragged down by a sharp reduction in interest rates. The first quarter saw a notable decline in net income for four of the six major Indian banks, largely attributed to the fall in interest rates.It may be noted here that the RBI has implemented a total cut of 100 basis points to the benchmark interest rates since the beginning of 2025, aimed at fostering economic growth. This move has put pressure on banks' earnin
