The Indian financial sector has been in a sweet spot post-COVID due to lower interest rates, healthy credit growth and higher NIMs across the sector. The sector saw one of the finest phases in terms of credit quality and earnings, and the contingent provisions created during COVID added an additional margin of safety for the assets. As RBI interest rates seem to have peaked at 6.5%, we saw financial institutes facing some compression in NIMs, which is fairly as it is expected to be. But what…
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