Banks to face margin pressure next fiscal, net interest margin may fall by 10 basis points to 3.45%: Fitch

​​ "We expect the domestic banking sector's average net interest margin to slightly contract by about 10 bps (basis points) in FY24 to 3.45 per cent, following a 15 bps increase in FY23 to 3.55 per cent, in a base case scenario, but remain well above that during FY17-FY22 average of 3.1 per cent," Fitch Ratings said in a report.

from Banking/Finance-Industry-Economic Times https://ift.tt/KluYESr