February 13, 2025 03:23 GMT
EM ASIA CREDIT: Fitch sees Indian bank NIM protected by easing
EM ASIA CREDIT
HDFC Bank (HDFCB, Baa3/BBB-/NR)
"*FITCH: LIQUIDITY EASING TO MODERATE INDIAN BANKS' NIM PRESSURE" - BBG
- In Summary, despite repo rate cuts in February (25bp) and a forecast cut (25bp) in FY26 (end March), Fitch states that Indian bank net interest margins (NIM) will only fall an average 10bp in FY26, this is due to expected positive impact of liquidity easing by the Bank of India.

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