 "Bank of Baroda")
Public sector lender Bank of Baroda (BoB) is planning to shift a part of its capital in international business to its domestic operations where margins are higher and there is more room for higher volumes.
The surge in liquidity — following additional infusion by central banks to fight the Covid-19 pandemic — has pushed down interest rates across the globe. In developed markets, rates are at a near-zero level. While net interest margin (NIM) in India is at 2.8-2.9 per cent, the corresponding numbers in global business is at 1.2-1.3 per cent.
Sanjiv Chadha, managing director and chief executive, BoB, said broadly
