"I think the Reserve Bank has not changed the repo and reverse repo since May 2020 and they have been having the accommodative stance. Accordingly, the lending rates are low, deposit rates are also low. So, the NIM (net interest margin) of the banks is shrinking," Manju S Bolakani, chief general manager of State Bank of India (SBI), said.source https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-profitability-hit-on-shrinking-interest-margin-amid-tech-adoption-burden-falling-rates/articleshow/86077513.cms
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