Fitch Ratings have dissected the banking scene of India to find how resilient it is today, as compared to the pre-crisis period of 2008. Speaking exclusively to CNBC-TV18, Ananda Bhoumik of Fitch Ratings says the research finds the good part that credit losses in this sector are expected to be manageable.
"Recoveries from non-performing loans (NPLs) are expected to be higher than the average of 30% to 50%. Also, tier I, one year ratio and loan loss provisions are better off this time across the board," says Bhoumik. Further, he says that the loan loss provisions due to Reserve Bank of IndiaDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
