Looking to maintain NIM at around 3%: K Venkataraman, Karur Vy...

May 23 (Reuters) - State Bank Of India : Chairman Says - expects net interest margins to remain stable at 3.6 pct in FY14 (Reporting by Sujoy Dhar

State Bank of India's net profit, net interest income and margins have fallen in the fourth quarter, however asset quality has improved sequentially, which was heartening, says Rajiv Mehta of IIFL

"Revenue growth would moderate due to slower loan growth and further decline in NIM, whereas cost growth would continue to outpace revenue growth." , a part of the IIFL Group, has a reduce rating on with a 12-month target price of Rs. 690 per share.

The bank's NIM, which dropped dropped 24 basis points to 3.19% for the last fiscal, is likely to dip further to about 3% this fiscal. Syndicate Bank is targeting a 25% overall growth this fiscal even as it sees stress on net interest margins (NIM). “The ...

Punjab National Bank expects its net interest margins to contracts by nearly 10 bps on to 3.35 percent going forward as demand for interest cut from the market increases.

Mumbai: Non-banking finance company Magma Fincorp today said it hopes to grow its loan book by around 30 percent in the ongoing financial year and improve its net interest margin (NIM). "We hope to grow our loan book by around 30 percent this fiscal ...

Hyderabad: City-based public lender on Wednesday reported 21 percent decline its net profit at Rs 380 crore for quarter ended March 31, 2013, on account of higher provisioning towards non-performing assets.The bank had recorded Rs 481 crore in net ...

South Indian Bank, which reported net interest margin of 3.21 percent in quarter ended March is determined maintain it at 3 percent in FY14.

LIC Housing Finance is planning to reduce its cost of borrowing by around 25 basis points by diversifying its borrowing basket, a top company official said.