State Bank of India confident on margin targets amid potential rate cut
pre-market1 source ↓written by the desknot a recommendation
- even
- 3%
- next week
- 0.25% repo rate cut
- in October
- 0.29%
State Bank of India expects to maintain its net interest margin guidance of 3% even if the Reserve Bank of India implements a 0.25% repo rate cut next week. Chairman C S Setty indicated that a shallow cut may not significantly impact margins, with inflation data showing a cooling trend at 0.29% in October. 📉
This outlook may support SBI's stability in the banking sector, potentially influencing market sentiment ahead of the RBI's decision.
Not investment advice. For informational purposes only.