Banking sector ‘Profits’ remained stagnant in 2016

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The banking sector profitability remained flat in 2016, owing to the lower Net Interest Income (NII) and Net Interest Margins (NIMs), as there was a big maturity of Pakistan Investment Bonds (PIBs) and other treasury bills etc. Along with lower NII, non-interest income of the sector was also down by 3 per cent to Rs Read More