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Prime Minister Narendra Modi, in a tweet on May 20, said that this is a remarkable turnaround in the last 10 years with India's banking sector net profit crosses Rs 3 lakh crore for the first time ever.
India Business News: MUMBAI: Ratings agency Icra has lowered the outlook for the banking sector from positive to stable citing limited upside, although the sector would co.
Icra downgraded the banking sector outlook from 'positive' to 'stable' due to expected credit growth and profitability moderation in FY25. Gross NPAs likely to reduce to 2.2% by March 2025. Challenges include deposit mobilization, NIM pressure, and increasing operating expenses, despite benign credit costs. Public sector banks fare better in fresh slippages due to a larger corporate advances focus
Icra revised banking sector outlook to stable, expecting moderated credit growth. Net interest margins to compress due to rising deposit cost, potential rate cut leading to margin pressure from advances repricing. Healthy earnings and elevated CD ratio may pose challenges in deposit mobilisation. Credit costs steady at 0.8% of advances.
Profitability to be subdued for NBFC-MFIs, SFBs this fiscal as credit costs to stay elevated: Icra : Rashtra News #Profitability #subdued #NBFCMFIs #SFBs #fiscal #credit #costs #stay #elevated #Icra In view of the muted performance in the first half of this fiscal, Icra has revised the FY22 growth outlook for the AUM of NBFC-MFIs to