Interest spread at 3.0pc achievable

Cut cost to run profitably: BB order for banks, FIs

News Report: High overhead and operating costs are seen as a multidimensional problem having impacts on banks' financial health, interest rates, easy lending to businesses and contributing to economic growth. Economists are of the opinion that higher operating cost is one of the factors that add up to lending rates for trade, commerce and industries and eat up much of interest on depositors' money. For higher lending rates, borrowers from trade, business and industry sectors fail to make their enterprises viable and profitable and finally repay the loans taken from banks and financial institutions. Such complex financial equations are attributed to rising non-performing loans or NPLs. To deal with this gamut of problems, particularly to lower the NPL volumes a...  read more>>