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Last Updated : May 04, 2011 12:09 PM IST | Source: Moneycontrol.com

Higher interest rate to hit bank NIMs: CRISIL

The increase in the interest rate offered on savings accounts from 3.5 per cent to 4.0 per cent will pull down the NIMs for banks by around 10 basis points.


CRISIL Research says, the increase in the interest rate offered on savings accounts from 3.5 per cent to 4.0 per cent will pull down the NIMs for banks by around 10 basis points.

The Reserve Bank of India

First Published on May 3, 2011 06:01 pm