........, though, banks are having a tough time attracting deposits and are understandably reluctant to cut rates beyond a point even though there may not be too much evidence of a strict correlation between bank rates and bank deposits. That means banks may need to take a small hit on their net interest margins (nims) for some period of time—it remains true Indian banks enjoy fatter margins than their counterparts in other countries and some compression wouldn’t hurt.
Read - FE Editorial
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