The net profit of private banks rose 26 per cent (year-on-year) in the July-September 2021 quarter (Q2) and 21.9 per cent sequentially over March-June 2021 (Q1), marking a phase of recovery in the economy and credit demand. According to an analysis of the performance of 12 banks, their net interest income (NII) — interest income minus expenses — was up 10.8 per cent (y-o-y) and 2.5 per cent (q-o-q).
The yield on advances, especially wholesale loans, was under pressure amid a system flush with liquidity and low demand for credit, bankers said. Weighted average lending ...
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