On the recent comments of RBI Deputy Governor, Dr K. C.Chakrabarty, on banks having very high net interest margins, Mr Chaudhuri said, “He has said what he has felt. He has more data at his disposal. “He has seen more banks and more banking systems. If you see the pattern in that, there must be some truth in his [comments.]” While NIMs should be reduced, he said there are no easy ways of doing it.
- Pratip Chaudhuri, Chairman, SBI (Business Line)
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