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.
With gloomy global economic outlook, Moody's Investors Service turned moody on Friday and cut 2022 gross domestic product (GDP) projections for India to 7 per cent and projected 2023 at 4.8 per cent.
Of a select group of 27 middle-income sovereigns that Moody's rates globally, 13, including India and China, are clearly converging to high-income levels, said Moody's Investors Service on Thursday.
According to Moody's, the plan of Asia-Pacific (APAC) insurers to curtail or even cease underwriting and investment exposures to coal or coal-related industries are credit positive, although their coal exposures are generally small.
In its August update to 'Global Macro Outlook 2021-22', Moody's retained India's growth forecast for the 2021 calendar year at 9.6 per cent
Indian economy contracted by 7.3 per cent in fiscal 2020-21 as the country battled the first wave of COVID, as against a 4 per cent growth in 2019-20.
