The banking sector’s net interest margin (NIM) has declined to a three-year low of 3.98% in the June quarter, impacted by the RBI’s repo rate cuts. Lending rates adjusted faster than deposit costs, squeezing bank profits. Analysts anticipate NIM improvement in the second half of FY26, contingent on deposit rate adjustments and no further rate cuts by the RBI.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend