BANKING

S&P Global Ratings predicts that the Indian banking sector's profitability will stabilize at a healthy level and asset quality will continue to improve, as the sector has improved substantially from the past few years. Indian banking profitability is benefiting from higher net interest margins and lower credit costs. The system-wide return on average assets (ROAA) is estimated at 1.2% for fiscal 2023. The formation of new non-performing loans will remain low and a recovery in written-off accounts will boost profitability, despite expected pressure from higher interest rates. India is also forecast to remain the fastest-growing large economy globally.

from Banking/Finance-Industry-Economic Times https://ift.tt/mqlQczW
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