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The Economic Times
The Economic Times
Business

PNB Housing sees 5-8 bps NIM gain from RBI rate hike, says CEO Ajai Shukla

PNB Housing Finance Interest Rates Crisil Reserve Bank

New Delhi: PNB Housing Finance MD and CEO Ajai Shukla said the recent rate hike by the Reserve Bank would lead to a marginal improvement in net interest margin (NIM).

After a gap of almost four years, the Reserve Bank raised its benchmark lending rate by 25 basis points to 5.5 per cent, making borrowing from the central bank costlier to contain inflation fuelled by the West Asia crisis.

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