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Canara Bank expects NIM pressure to ease by Q3 as deposit rates soften
The New Indian Express Kannur
|May 11, 2025
PUBLIC sector lender Canara Bank expects its net interest margin (NIM) to remain under pressure in the first half of FY26 due to the impact of falling repo rates on its lending portfolio, while deposit rates remain elevated.
However, the bank is optimistic about softening deposit rates by the third quarter, which could support margin stability.
Talking to New Indian Express, Canara Bank MD and CEO K Satyanarayana Raju said the lender had to pass on the benefits of policy rate cuts quickly to nearly 44% of its loan book. However, it faces a lag in reducing interest rates on existing term deposits due to contractual obligations. "That is the pain point," he said, adding that retail term deposit rates have yet to reflect the easing trend seen in bulk deposits.
The bank maintained that its NIM guidance for FY26 remains in the 2.71% to 2.73% range, down slightly from the 2.80% it clocked in the previous fiscal.
Denne historien er fra May 11, 2025-utgaven av The New Indian Express Kannur.
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FLERE HISTORIER FRA The New Indian Express Kannur
The New Indian Express Kannur
States put on notice on compensatory afforestation norms
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The New Indian Express Kannur
Political map redrawn: BJP rules cities, Cong holds on to rural base
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1 min
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The New Indian Express Kannur
NC drops Urdu language from exam, sparks row
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1 min
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The New Indian Express Kannur
GIVE LEGAL SUPPORT WHILE GAUGING PREGNANCY RISKS
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1 mins
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The New Indian Express Kannur
Epic night in Paris: PSG edges Bayern in nine-goal thriller in S/F 1st leg
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1 mins
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The New Indian Express Kannur
Modi to make brief UAE stop before heading to Europe
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1 mins
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The New Indian Express Kannur
FOR HONOUR IN THE Dr PREFIX
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3 mins
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The New Indian Express Kannur
High energy cost transfer inevitable to users: Govt
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1 min
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The New Indian Express Kannur
‘No forced sale of nano fertilisers’, Centre says move to protect farmers
THE Ministry of Agriculture and Farmers’ Welfare has issued a notification prohibiting forced sales of nano-ferti-lisers.
1 min
April 30, 2026
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Split in MVA as Sena names nominee for lone MLC seat
CRACKS appeared in the Maha Vikas Aghadi (MVA) with Uddhav Thackeray-led Shiv Sena announcing its candidate on Wednesday and its ally Congress saying that it would also field a nominee for the lone seat the opposition can win in the Maharashtra legislative council elections scheduled on May 10.
1 mins
April 30, 2026
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