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Moody’s says bad loans of PSBs unlikely to worsen sharply aided by economic recovery PSBs have largely seen a stable NPA trend in the third quarter. February 11, 2021 / 08:55 AM IST Global rating agency, Moody’s Investors Service on Thursday said bad loans of public sector banks (PSBs) are unlikely to worsen sharply in the backdrop of an expected economic recovery this year. “India's economy will recover in 2021, reducing the likelihood of a sharp deterioration in asset quality at the country's public sector banks,” Moody’s said in a note. However, banks' capitalisation will re...

Synopsis Asset quality at the five largest rated public sector banks in India – State Bank of India, Bank of Baroda, Punjab National Bank, Canara Bank and Union Bank of India improved mildly in the first nine months of the year ending March 2021 despite an economic contraction exacerbated by the pandemic. Agencies Moody's Investors Service expects that India’s economy will recover in 2021, reducing the likelihood of a sharp deterioration in asset quality at the country’s public sector banks. India’s economic recovery reduces the risk of a sharp deterioration in public sector banks’ ...

Global rating agency Moody's on Thursday said that India's economic recovery reduces the risk of a sharp deterioration in public sector banks' (PSBs) mildly improving asset quality. However, the capital shortfalls will remain despite a likely government equity infusion and this makes banks vulnerable to unexpected shocks and restricting credit growth. "Various measures by the government to support borrowers have helped curb growth in public sector banks' non-performing loans (NPLs), and the volume of restructured loans is not as large as we anticipated," said Rebaca Tan, a Moody's assistan...

India's 2021 economic recovery reduces the likelihood of a sharp deterioration in asset quality at the country's public sector banks, said Moody's Investors Service in a report.However, the ratings agency said banks' capitalisation will remain ...

Economic Recovery Reduces Risk of Sharp Deterioration in PSBs' Asset Quality - Indias 2021 economic recovery reduces the likelihood of a sharp deterioration in asset quality at the...