Business Services Industry
INDIAN BANKS' LOAN QUALITY TO IMPROVE, RISK PROFILE EASE: S&P.
AsiaPulse News, August, 2004
NEW DELHI, Aug 5 Asia Pulse - Upbeat on India's financial sector reforms, global credit rating agency Standard and Poor's today said the banks' loan quality is expected to improve and risk profile has "eased" gradually due to focus on retail business, especially home loans.
The rating agency also took note of the shrinkage in bad loans or non-performing assets due to the central bank Reserve Bank of India's (RBI's) stricter norms on impaired assets.
"Going forward, the credit quality of the Indian banking industry is expected to continue to benefit from the reforms initiated by the Government over the years," S&P said in a study 'Indian Banks' Loan Quality Up on Lower Imparied Assets, Growing Residential Mortgages'.
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