Improvement in macroeconomic conditions to alleviate banking sector stress: S&P

"While the Indian economy is on a mend, the permanent GDP loss stemming from the brunt of the coronavirus is huge at 10 per cent. We estimate the banking system's weak loans are at 12 per cent of gross loans," S&P said. An improvement in India's macroeconomic conditions is likely to alleviate stress for the country's banking sector, said S&P.

from Banking/Finance-Industry-Economic Times https://ift.tt/3ushGro