India Ratings also expects operating costs to sustain with ongoing investments in technology, and the banking system would continue to see lower slippages (gross slippage less upgrades and recoveries of 0.5%-0.6% and credit costs (1%-1.3%) that could give them the wherewithal to withstand near-term pressures. The asset quality metrics for public sector banks and private banks are converging and profitability is at about steady state.
from Banking/Finance-Industry-Economic Times https://ift.tt/kIthuWE
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