Moody’s upgrades banking system outlook to ‘stable’; eco recovery to drive credit growth
The Hindu
Moody’s expects India’s economy to continue to recover in the next 12-18 months, with GDP growing 9.3% in the fiscal year ending March 2022 and 7.9% in the following year.
Moody’s Investors Service on Tuesday raised the outlook for the Indian banking system to ‘stable’ from ‘negative’ citing moderate deterioration of asset quality since the onset of the pandemic and likely pick-up in credit growth with economic recovery.
Moody’s expects India’s economy to continue to recover in the next 12-18 months, with GDP growing 9.3% in the fiscal year ending March 2022 and 7.9% in the following year.
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