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PNB Housing Finance sees 5-8 bps margin improvement from rate hike: MD
PNB Housing Finance MD and CEO Ajai Shukla said the recent rate hike by the Reserve Bank would lead to a marginal improvement in net interest margin (NIM). After a gap of almost four years, the Reserve Bank raised its benchmark lending rate by 25 basis points to 5.5 per cent, making borrowing from the central bank costlier to contain inflation fuelled by the West Asia crisis. "Some benefit will go to the lender because all of the borrowing of the lender is not on the repo rate. It is a combinat…
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