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ING Vysya see FY12 NIM at 3.1-3.3%: official

ING Vysya see FY12 NIM at 3.1-3.3%: official
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First Published: Mon, Oct 17 2011. 07 20 PM IST

Banking (File photo)
Banking (File photo)
Updated: Mon, Oct 17 2011. 07 20 PM IST
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.
Banking (File photo)
“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.
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.
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First Published: Mon, Oct 17 2011. 07 20 PM IST