S&P Global forecasts that NIMs could fall by 20 basis points, dropping from 3.2 per cent to 3 per cent, as banks grapple with both increased competition and anticipated policy rate cuts
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Driven by strong net profit growth and strategic efficiency, PSBs post a 39.3% rise in Q2 FY25
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The weighted average lending rate (WALR) on fresh rupee loans offered by commercial banks edged down to 9.37 per cent in September, slightly lower than the 9.41 per cent recorded in August
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She says, "The Reserve Bank and the government are repeatedly telling the banks to pay attention to their core business activities"
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The bank loan write-off was highest during 2019-20 when the figure came in at Rs 2.34 lakh crore. In 2020-21, banks wrote off Rs 2.02 lakh crore which further came down to Rs 1.74 lakh crore in the following year
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The disruption affected various banks, including cooperative and regional rural banks that rely on C-Edge Technologies for their technology services
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Effective from FY25, these guidelines aim to avert situations similar to the collapse of Silicon Valley Bank by ensuring that banks are well-prepared to handle sudden outflows
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In addition to revenue gains, productivity gains are expected to be manifold
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The report revealed that banks can enhance employee productivity by up to 30 per cent by implementing AI technologies to streamline numerous language-related tasks
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