Do not expect rate cuts to impact banks' margins: Edelweiss

The top 3 banks SBI, ICICI and HDFC Bank on Tuesday cut their lending rates by 15 basis points post RBI's nudge.

The top 3 banks SBI , ICICI  and HDFC Bank  on Tuesday cut their lending rates by 15 basis points post RBI's nudge. Discussing the move, Nilesh Parikh of Edelweiss Financial Services said he does not expect rate cuts to impact margins of banks.

According to him, the actual pick-up of credit growth should be seen in Q2 or Q3. 

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