A report from Standard & Poor’s (S&P) warned that the declining asset quality of banks in India would affect their performance adversely. Recently, the global credit rating agency released the report titled “Slack Economic Growth Dents Recovery Prospects for Indian Bank. In the next 18-24 months, the Indian banking sector may not recover because of sluggish economic activity and
Tag: S&P
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S&P expects banks’ performance to be under stress
A report from Standard & Poor’s (S&P) warned that the declining asset quality of banks in India would affect their performance adversely. Recently, the global credit rating agency released the report titled “Slack Economic Growth Dents Recovery Prospects for Indian Bank. In the next 18-24 months, the Indian banking sector may not recover because of sluggish economic activity and
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Asset quality of banks may remain weak in FY14
According to rating agency Standard & Poor's (S&P), asset quality of Indian banks may remain weak in 2013-14 and improve only in 2014-15. In a recent report, the agency said the quality of earnings would be stressed and bad loans may rise to 4.4 percent before falling. Therefore, S&P sees 2013-14 to be a challenging year for the banking sector. RoAs are expected to improve by 1 pe
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S&P expects improvement in bank performance in FY15
Ratings agency Standard & PoorÂ’s (S&P) expects the performance of Indian banks to improve only in 2014-15. The agency feels that till then the banking sector would continue to face hurdles, in terms of asset quality and earnings. In 2013-14, the agency expects improvement in the economic growth and corporate performance aided by vario
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A victim of controversy?
Was he just doing his job, or was he leading a flawed rating process? As the move that invited the US Treasury's wrath, the rating agency Standard & Poor (S&P) invited a storm of controversy by downgrading the US long-term sovereign credit