Higher rates on new deposits set to hurt banks’ margins in coming quarters, says UCO Bank MD Soma Sankara Prasad

State-run UCO Bank's Managing Director and CEO, Soma Sankara Prasad, says that now Indian banks are most likely to take a hit on their margins as deposits get repriced. Prasad also says that there is no need for additional capital infusion by banks as Indian lenders are adequately capitalised and UCO Bank has no risk from the Adani saga.

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