In the second quarter, leading private sector banks in India reported a drop in net interest margins. This decline was primarily caused by the costs associated with foreign currency non-resident deposits. Analysts noted that the leveraged nature of these deposits significantly impacted profitability. Additionally, banks faced pressure from faster repricing of assets as interest rates declined.
Gold edges higher as investors assess Fed rate-hike odds
In early Asian trading, gold prices saw a modest uptick as speculation swirled regarding the Federal Reserve’s policy stance. Investors are closely watching remarks from
October 19, 2026