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India's private banks draw thinner margins on tepid credit growth
Top private sector banks reported weaker net interest margins (NIMs) in the June quarter as sluggish retail loan demand pushed them towards lower-yielding corporate loans. HDFC Bank's NIM fell to 3.26%, Kotak Mahindra Bank's dropped to a 19-quarter low of 4.53%, while Axis Bank's stood at 3.46%.
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economictimes.indiatimes.com
HDFC Bank logs 5% rise in profit on margin pressure
HDFC Bank announced a notable five percent rise in profits for the June quarter, showcasing a robust growth in net interest income. Despite facing margin pressures that led to a…
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thehindubusinessline.com
HDFC Bank drops as weak margins weigh
HDFC Bank shares fall 4% despite a 5% profit rise, as analysts cite concerns over declining margins.
