HDFC Bank expects NIM recovery in 2-3 years as HDFC merger impact eases

HDFC Bank expects its net interest margin (NIM) to improve over the next two to three years as the impact of its merger with HDFC Ltd eases, CEO Rajiv Kumar said at the bank’s AGM. The lender is focusing on growing deposits, expanding retail and MSME lending, and using technology to drive its next phase of growth.

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