Mumbai: ING Vysya Bank sees net interest margin (NIM) of 3.1-3.3% in the current fiacal year ending March 2012, a senior official said on Monday.
“Clearly in the current interest rate environment, margins are going to be a challenge, but I think we should be around current levels in terms of margins,” chief financial officer Jayant Mehrotra said.
Banking (File photo)
For the September quarter, the bank had reported NIM of 3.35%.
Shares of ING Vysya bank closed 0.51% lower at Rs 312.65 on Monday.