 "Fitch rating agency")
Rating agency Fitch said on Thursday that Indian private banks that have stronger loss-absorption buffers than the public sector banks (PSBs) are likely to gain market share from their state-owned peers in the medium term
Private banks' loss-absorption buffers, particularly enhanced capital bases, strengthen their ability to recognise losses upfront with less disruption in their efforts to accelerate market-share gains. However, gains are not likely to immediate as the sector's credit growth is likely to remain subdued. They will only resume meaningfully once a sustained recovery from the pandemic gets underway, Fitch said.
Many private-sector lenders including ICICI Bank, Axis
