Key Points
S&P Global Ratings on Thursday projected Indian banking sector's weak loans will decline to 3-3.5 per cent of gross advances by March 31, 2025 as structural improvements and good economic prospects would support the resilience of financial institutions..
In its mid-year global bank outlook, S&P said India's economic growth prospects should remain strong over the medium term, with GDP expanding 6-7.1 per cent annually in fiscal years 2024-2026...
"We project the banking sector's weak loans will decline to 3-3.5 per cent of gross loans by March 31, 2025 on the back of structural improvement, including healthy corporate balance sheets, tighter underwriting standards, and improved risk-management practices," S&P Primary Credit Analyst Deepali Seth Chhabria said.. S&P also said that stronger balance sheets and higher demand should boost bank loan growth, but deposit growth would lag...
This should limit the risk for the country's banking industry," Chhabria said.. S&P further said that slower global growth and external demand will weigh on economic activity and could fuel further inflation..
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