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Amid higher cost of funds, as deposits got repriced, SBI’s NIM fell by 27 basis points (bps) sequentially to 3.3%. This was a negative surprise as the margin was expected to improve a bit due to the lagged repricing of MCLR linked loans.
India Business News: Public sector lender Punjab & Sind Bank on Saturday reported a 25 per cent decline in net profit to Rs 153 crore for the June 2023 quarter, partly due
Nuveen Select Maturities Municipal Fund (NYSE:NIM – Get Free Report) declared a monthly dividend on Tuesday, August 1st, Wall Street Journal reports. Shareholders of record on Tuesday, August 15th will be given a dividend of 0.026 per share on Friday, September 1st. This represents a $0.31 dividend on an annualized basis and a dividend yield […]
As far as asset quality is concerned, SBI's gross NPA number has improved by just two basis points, while the net NPA has worsened by four basis points. So, I do not attach much importance to this kind of number given the backdrop that the bank is now growing quite strongly in terms of advance growth.
SINGAPORE: Singapore's biggest bank DBS Group said on Thursday its second-quarter profit jumped a forecast-beating 48% to a new record as higher interest rates helped drive income growth, and forecast growth in its net interest margin (NIM).