As competition for deposits intensifies in the months ahead, one research house has bucked the trend by downgrading its outlook on the banking sector. It believes that competition for deposits could intensify towards year-end although pressure on net interest margins (NIMs) and operating expenditure may abate.
It's been eight months since the announcement of Malaysian digital banking licences and the stage has been set for these lenders to commence their business, as early as next year. But hurdles are abound.