Banks will also gain from mark-to-market gains from the easing in treasury yields last quarter and also from a Reserve Bank of India (RBI) relief on provisioning requirements on their alternative investment fund (AIF) investments.
Shyam Srinivasan, MD & CEO of Federal Bank, projects 15-18% bank growth, emphasizes NIMs importance, foresees sustained deposit growth, and anticipates potential rate cuts in the future based on inflation outcomes. He says: "We have a reasonable presence now in the south. We are looking at increasing our presence in the west, in particular the bigger metros like Mumbai and adjacent cities."
Girish Kousgi, MD & CEO of PNB Housing Finance, discusses the company s transformational journey of raising capital, improving asset quality, and reducing NPAs. He highlights the focus on growth in the affordable housing sector and expanding presence in tier II and III cities.
Jana SFB s ROA has been improving due to factors such as growth in good quality assets, reduction in COVID provisioning, and cost control through digitalization. The bank anticipates a continued improvement in ROA in the future. The September 23 NIM was also 7.8%, March was 7.7%. So, the bank maintained a flattish NIMs growth. There was a small rise in cost of funds but thanks to a product mix we are able to make sure the NIMs remain steady.