PSBs seek higher NIM, reprice Rs 1 lakh-cr corp loans in Q1

Public sector banks repriced or shed over Rs 1 lakh crore of low-yielding corporate loans in the June quarter to boost net interest margins. Canara Bank official Brajesh Kumar Singh said, "We intend not to do sub-7% lending to win corporate clients." Many banks now focus on higher-yielding retail loans instead.