Banks' fee income growth shows signs of recovery

.............. The revival in fee income growth assumes significance as the banks’ treasury earnings are expected to dwindle in the coming quarters due to hardening of bond yields. Both fee income and treasury earnings form part of banks’ non-interest income.The Reserve Bank of India’s (RBI) recent measures to tighten liquidity and curb volatility in foreign exchange rates have led to a rise in bond yields. On Monday, the yield on India’s 10-year benchmark government bond climbed to 9.17 per cent, its highest level since the collapse of Lehman Brothers in late 2008...............

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