Interest rate cut, deposit growth to hurt lenders’ profitability in Q1

Though credit growth is slower, banks have had to reduce lending rates following the RBI’s rate cuts. Data from the RBI show that the monthly weighted average lending rates on fresh loans slipped 28 basis points for commercial banks between March and May, though lower than the 115-bps cut by the RBI during that period.

from Stocks-Markets-Economic Times https://ift.tt/2WeIcFj