Current high margin, high NIM business can’t last; banks will need to learn to do things in a lean way: KV Kamath

KV Kamath emphasizes the need for correction in NIMs and a reduction in the cost-income ratio for banks to remain competitive and benefit borrowers. He believes that the financial sector will play a crucial role in India’s long-term growth story. Trust and convenience are key factors that banks must focus on, along with effective execution. While the top five banks are expected to remain strong, new entrants face challenges in replicating their established base.