Stay updated with breaking news from Deepali Seth. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
"Slower loan growth and an increased emphasis on risk management will likely support asset quality in the Indian banking system," said S&P Global Ratings credit analyst Geeta Chugh.
The Reserve Bank's decision to tighten norms for consumer credit by raising risk weight for unsecured personal loans is likely to hit banks' capital adequacy by 60 basis points, S&P Global Ratings said on Friday. The move will curtail riskier bank lending to consumers and is expected to
Get latest articles and stories on Latest News at LatestLY. The Reserve Bank's decision to tighten norms for consumer credit by raising risk weight for unsecured personal loans is likely to hit banks' capital adequacy by 60 basis points, S&P Global Ratings said on Friday. Latest News | RBI's Tighter Regulatory Risk Weight to Hit Banks' Capital Adequacy by 60 Bps: S&P.
The move will curtail riskier bank lending to consumers and is expected to squeeze the nonbank sector in particular.
The credit quality of Indian finance companies will continue to improve owing to the country's strong macroeconomic trends, said S&P Global Ratings.The improvement in credit profiles of finance companies will be far from uniform, said ...