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.
AI stocks: Midterm elections could threaten AI trade as data center backlash grows
Public opposition to US data centers and the November midterm elections could reshape AI infrastructure investment. Increased regulatory scrutiny, rising electricity costs and construction delays