The agency said the credit growth will moderate to 11.6-12.5 per cent in FY25 from 16.3 per cent (excluding the impact of the HDFC twins merger) in FY24, while the lower net interest income margins on higher deposit rate payouts will lead to a dip in profits.
The banking sector benefitted from macro-economic recovery in 2022, but the year ahead poses challenges as well as growth opportunities, say experts
Rating agency Fitch has downgraded the banking sector outlook to negative, from stable, due to more downside risks emanating from rising stressed loans and weak corporate earnings, which may further roil banks
SP Tulsian of sptulsian.com picks out his multibagger stock ideas to be bought at current levels today. He chooses Karnataka Bank and MOIL.
Moody's Investor Service's meetings with Indian government and Reserve Bank of India (RBI) officials on Monday were pre-arranged and are not linked to the downgrade of the country's banking sector outlook last week, a senior analyst said on Monday.