MOODY'S VIEW ON INDIAN BANKING.
The outlook on the Indian banking System for next 12 to 18 months remains
negative due to challenging operating environment which is likely to pressure
bank's profits.
" This environment is characterised by slow economic growth,high inflation,high
interest rates and a weak local currency" says Vineet Gupta,Vice President and
Senior Analyst Moody's." We expect these factors to lead to further deterioration
of asset quality,an increase in provisioning costs and a fall in profitability" he added.
Source:Yahoo Finance.
The outlook on the Indian banking System for next 12 to 18 months remains
negative due to challenging operating environment which is likely to pressure
bank's profits.
" This environment is characterised by slow economic growth,high inflation,high
interest rates and a weak local currency" says Vineet Gupta,Vice President and
Senior Analyst Moody's." We expect these factors to lead to further deterioration
of asset quality,an increase in provisioning costs and a fall in profitability" he added.
Source:Yahoo Finance.
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