Indian banks to maintain stable asset quality despite global uncertainty: Moody’s
The agency expects the non-performing loan (NPL) ratio to stay between 2 to 3 per cent over the next year.
The agency expects the non-performing loan (NPL) ratio to stay between 2 to 3 per cent over the next year.
In its report on the banking sector, Moody's said asset quality will hold up despite global economic uncertainty.
Escalating tensions with India could pose a significant threat to Pakistan's already strained economy. Comparatively, the macro-economic conditions in India would be stable with no expected disruptions to its economic activity, global ratings firm Moody's said on Monday.
Moody's Ratings on Wednesday said India's power sector, which is the biggest carbon emitter, will need massive USD 700 billion investment over the next 10 years to help the country achieve its 2070 net-zero pledge.
Ransomware attacks are not only going to continue, but hackers are likely to target larger organisations through supply chain vulnerabilities, a recent report by Moody's said.
A prolonged heat wave this year has worsened the shortfall, including in Delhi and the southern tech hub of Bengaluru.
On the banking front, the report further said the Indian banking system is on a positive outlook because of good economic growth and healthy corporate credit quality.
The rating agency said the country needs the investment to meet the 500 GW target as coal would remain a key source of electricity generation for the next decade
A combination of weak growth in advanced economies, persistent inflationary pressures, the Russia-Ukraine conflict, tight financial conditions, and a subdued growth outlook for China will create a difficult environment for emerging markets (EM) in 2023, said Moody's Investors Service.
The high food and energy prices will curb economic growth and result in social tensions in 2023 and hence the outlook for sovereign creditworthiness is negative, said Moody's Investors Service on Tuesday.
