Axis Bank's net interest margins declined at 3.65% versus 3.75% on year-on-year basis. In an interview with CNBC-TV18, Abhijeet Mazumdar, Prabhudas Lilladhar says, the contraction in margin is much more than expected. “The margins, in Q1, will still have a downward bias and then from Q2 it will largely plateau out,” he adds.
first published: Apr 25, 2011 02:40 pm
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