business

NIMs will stay between 3.2-3.5% in long-term: Andhra Bk

Completing its 100% migration to system-based NPA recognition, in an interview to CNBC-TV18, R Ramachandran, chairman and managing director of Andhra Bank says its is one of the reasons why the bank’s NPAs have gone up in Q2. Further, he says, "in the long-term, NIMs will be stabilising at 3.25% and 3.5%."

first published: Nov 2, 2011 04:27 pm