HDFC Bank's merger with HDFC is set to take place in the next few weeks, resulting in a lower net interest margin (NIM) for the bank this year, according to analysts. The bank expects NIM to reduce from 4.1% to 3.7%-3.8% in 2023-24 due to the merger. However, Nomura stated that lower credit costs and increased operating leverage would compensate for the reduction in NIM. HDFC Bank's management is confident about maintaining a post-merger return on assets of 1.9% to 2.1%.from Banking/Finance-Industry-Economic Times https://ift.tt/X7uGn49
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