THE banking sector may report a moderate growth in profit in the first quarter of 2010-11 as their margins are likely to come under pressure. Also, treasury gains would be subdued and some banks may make higher provisions for bad loans.
Banking analysts expect the industry’s net interest margin — the difference between the cost of deposits and yield on advances — to decline by 10-30 basis points in the first quarter of this financial year. Most listed commercial banks will announce their results in the next fortnight.
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