Tag: banking

Fitch expects Indian banking sector’s performance to further improve in FY24

The financial performance of Indian banks has continued to improve in the past few years and it bodes well for the sector’s intrinsic risk profiles, according to global rating agency Fitch Ratings. The rate of improvement in terms of asset ...

NBFCs credit grows 13.1% in H1FY23; asset quality improves, says CareEdge Ratings

Non-Banking Finance Companies (NBFCs) in India has witnessed an aggregate credit growth of 13.1% to Rs 31.5 lakh crore in H1FY23, according to CareEdge Ratings. The report said that there has been a shift in the segmental distribution of credit ...

Bank credit growth likely to be 13% in FY23 on improving demand, says Ind-Ra

The Indian banking sector will continue to improve for the rest of FY23 as the banking system’s health remains to be strong, according to India Ratings and Research (Ind-Ra). The key financial metrics are likely to improve during the rest ...