Asserting that interest rates have bottomed out, Punjab National BankBSE 0.47 % Managing Director Sunil Mehta said treasury income of banks would see some pressure in the fourth quarter due to change in methods of calculating depreciation as well as additional Rs 50,000 crore borrowing by the government.
He, however, said the market is putting too much emphasis on the additional borrowing announced by the government last week and Rs 50,000 crore in entire scheme of things is a sm ..
