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CIMB Group Holdings Bhd will likely see a bottoming out of its net interest margin in the second quarter ended June 30, 2023.

Canara Bank CEO K Satyanarayana Raju said the bank is confident of maintaining a Net Interest Margin (NIM) of around 3% for the current financial year, despite higher interest expenses. He said around 52% of its portfolio is MCR-linked, which is providing good interest yields on advances. Raju added that while the cost of funds had peaked in the current quarter, the bank was focussing on its Current Account Savings Account (CASA), which has contributed Rs 3.3bn ($45m) in the last four months.

Nicola Mining Inc. (CVE:NIM – Get Free Report)’s share price rose 10% during trading on Wednesday . The stock traded as high as C$0.17 and last traded at C$0.17. Approximately 220,001 shares traded hands during mid-day trading, an increase of 67% from the average daily volume of 131,795 shares. The stock had previously closed at […]

Shares of Nicola Mining Inc. (CVE:NIM – Get Free Report) were up 10% on Wednesday . The stock traded as high as C$0.17 and last traded at C$0.17. Approximately 220,001 shares changed hands during mid-day trading, an increase of 67% from the average daily volume of 131,795 shares. The stock had previously closed at C$0.15. […]

Brazilian President Luiz Inacio Lula da Silva said on Tuesday that Danish Prime Minister Mette Frederiksen has told him that her country wants to contribute to the Amazon Fund, a Brazil-led initiative aimed at fighting deforestation.