Private-sector banks see 5% drop on weak earnings
pre-market1 source ↓written by the desknot a recommendation
- on Monday due
- 5%
- HDFC's NIM contracted
- 13 basis points
- 3.4%
- Bank's NIM decreased
- 16 basis points
- 3.46%
Shares of leading private-sector banks, including HDFC Bank and Axis Bank, fell nearly 5% on Monday due to concerns over weak net interest margins. HDFC's NIM contracted 13 basis points to 3.4%, while Axis Bank's NIM decreased 16 basis points to 3.46%. Analysts highlight NIM compression as a critical factor impacting earnings going forward.
Not investment advice. For informational purposes only.