The Reserve Bank of India's governor has been lately coaxing Indian banks to lower their net interest margins and improve efficiencies. So are Indian banks making excessive margins and excessive profits? Srinivasan Varadarajan executive director of Axis Bank, Professor TT Ram Mohan of IIM Ahmedabad and Anindo Bhowmik banking analyst from Fitch Ratings talk about the issue of bank profiteering.
Here is the transcript of the interview. Also watch the accompanying videos. Q: Average Indian public sector banks' net interest margins (NIMs) have been over 3% and that of private sector banks like yours and HDFC comes to 4%, while StanchartDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
