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Indian banks well-positioned amid global banking stress
The Business Guardian
|June 15, 2023
The credit quality of Indian banks and non bank financial institutions will remain resilient despite a challenging environment for banks globally, according to Moody’s Investors Service which said they are well placed to weather global banking sector stress.
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The global rating and research agency said strong domestic demand in India, improving credit conditions for bank borrowers, and strengthened solvency and funding of Indian financial institutions will support their credit quality. Also, Moody’s Indian affiliate ICRA expects the banking sector’s performance to remain strong with healthy profitability -- primarily driven by strong loan growth and a favourable credit environment.
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