Asset quality pressures are subsiding at Indian banks, creating a favourable business environment and bolstering banks' potential and appetite for growth, said Fitch Ratings on Monday.
Mumbai (Maharashtra) [India], June 12 (ANI): A hit to collection efficiency of non-banking finance companies and microfinance institutions (NBFCs-MFIs) owing to protracted Covid-19 curbs will increase asset-quality pressures in the sector, according to Crisil Ratings.
New Delhi [India], June 26 (ANI): Nearly 30 per cent of housing finance companies (HFCs) portfolio is under moratorium and their gross non-performing assets (GNPAs) are likely to increase to 2.5 to 3 per cent in FY21, rating agency ICRA said on Friday.
Mumbai (Maharashtra) [India], April 6 (ANI): India Ratings and Research (Ind-Ra) has revised IndusInd Bank Ltd's (IBL's) outlook to negative from stable while affirming the long-term issuer rating at AA-plus.