ICRA expects the banking sector's performance to remain strong, driven by favourable credit conditions and profitability resulting from strong loan growth
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The company had a Debt: Equity ratio of 70:30, and ~ 99 per cent of the debt investments are in government bonds and AAA-rated securities
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The return on assets to be steady at 1.1 per cent as lower credit costs provide an offset, according to the Crisil
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Collections from excise duty and sales tax from liquor sales is expected to grow healthy at 10-12 per cent, led by increasing consumption as most states have kept their tax structure unchanged
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Moody’s says that credit conditions in India have gradually improved, with a significant reduction in the banks' stock of legacy problem loans over the past three years
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"The cumulative impact of our monetary policy actions over the last year is still unfolding and yet to materialise fully," Das said in a speech at the Summer Meetings organised by Central Banking in London
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Last week, the Reserve Bank of India (RBI) released a framework for lenders governing technical write-offs and compromise settlements, including those classified as fraud or wilful defaulters
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Unsecured loans – mostly personal loans and credit cards – do not carry any collateral and therefore pose a higher risk of default and these loans, however, are a big contributor to margins as they entail higher interest rates
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