Indian banks facing margin pressure amid high interest rate and declining loan growth: SP Global

New Delhi [India], January 29 (ANI): Indian banks are facing margin pressure as loan growth slows amid high interest rates, according to a report by SP Global Market Intelligence.

The report highlighted that the aggregate loan growth of six of India's largest banks--both private and state-owned--is expected to decline to 12.3 per cent in the fiscal year ending March 31, 2025. This is a sharp slowdown from the 22.5 per cen