Moody’s outlook on Indian banks continues to be negative

Moody’s Investors Service’s outlook on Indian banks continues to be negative against a backdrop of slow economic growth, high inflation, high interest rates and a weak local currency. Moody’s, which had lowered its outlook on Indian lenders to negative from stable in November 2011, said on Tuesday that its view for the next 12-18 months remained negative as it expects “these factors to lead to a further deterioration in asset quality, an increase in provisioning costs, and a fall in profitability”.......

Read - Mint