Five of the seven state-owned banks that have announced their quarterly earnings so far have reported lower NIM for the September quarter. These banks, however, managed to report a rise in net profit largely on account of bad loan recovery and write-back of provision made in earlier quarters.source https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-face-pressure-on-nim-as-they-lower-rates-to-outsmart-rivals/articleshow/87469034.cms
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