Whalesbook
State Bank of India Chairman C S Setty expressed strong confidence in achieving the bank's 3% net interest margin (NIM) guidance. He stated that even if the Reserve Bank of India decides to cut the repo rate by 0.25% next week, it is unlikely to significantly impact SBI's margins. Setty highlighted several factors, including the full benefit of a previous cash reserve ratio cut and repricing of fixed deposits, that will help sustain profitability.