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Moody's upgrades outlook on Indian banking from 'negative' to 'stable'

Global rating agency Moody's has upgraded the outlook on the Indian banking system from “Negative” to “Stable” on the back of stabilising asset quality and improved capital.

The deterioration of asset quality since the onset of the Coronavirus (Covid-19) pandemic has been moderate, and an improving operating environment will support asset quality. The level of problem loans for rated banks has moved down from 8.5 per cent in FY19 to 7.1 per cent in FY21. Read more

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