India Ratings raises bank credit growth expectation to 13% in FY23, maintains outlook1 min read . Updated: 19 Sep 2022, 01:14 PM IST
The stable rating outlook for banks for FY23, the rating agency said, indicates their waning legacy asset quality issues, strengthened balance sheets, manageable covid-19 impact and expectations of improved profitability across the banking sector.
MUMBAI: India Ratings and Research (Ind-Ra) on Monday said it has maintained the outlook banks at improving for the rest of 2022-23, as the banking industry’s health continues to be at its best in decades.
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