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Still expecting over 25% earnings growth for private banks in Q2: Nitin Aggarwal
Nitin Aggarwal, Head-BFSI Research at Motilal Institutional Equities, expects the banking sector to report over 25% earnings growth in the second quarter, driven by steady loan growth and improved provisioning. Aggarwal also mentioned that mid-tier banks have shown mixed performance in their business updates. He highlighted the possibility of increased competition for liabilities among banks, which could further impact net interest margins.