Indian banks profitability weaker than BRICS peers, to improve next fiscal: Moodys

Posted on:24 Oct 2018 11:13:08
Indian banks profitability weaker than BRICS peers, to improve next fiscal: Moodys
24 October 2018 Current Affairs: Moody’s Investors Service in its report stated that the profitability of Indian banks is “distinctively weak” compared to the other BRICS nations.

In India, the system-wide asset quality is weak due to stressed public sector banks, which dominate the sector.

Indian banks have a tangible common equity ratio of 8.7 percent at the end of 2017.

It is unprofitable and has a negative ROA due to high credit costs at dominant state-owned banks.
Moody’s Investors Service in its report stated that the profitability of Indian banks is “distinctively weak” compared to the other BRICS nations.

In India, the system-wide asset quality is weak due to stressed public sector banks, which dominate the sector.

Indian banks have a tangible common equity ratio of 8.7 percent at the end of 2017.

It is unprofitable and has a negative ROA due to high credit costs at dominant state-owned banks.

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