Business/ News Measurements Network
The credit rating agency Moody's Investors Service said on Monday that the scenario remains stable for the next 12-18 months for the Indian banking system, due to the potential of growth to remain strong even after poor quality of property. The persistence of this scenario depends on the six parameters ... operational environment, quality of property, capital, financing and liquidity, profits and efficiency and government support. According to Moody's, these standards are stable. Moody's said in a statement that the atmosphere will remain stable with the support of strong economic growth.
The agency believes that the growth rate of the country's Gross Domestic Product (GDP) on the basis of rapid investment and strong consumption will be 7.2 percent in the financial year ending March 2019 and 7.4 percent in the next financial year. Moody's vice president and senior credit officer Shrikant Vadlamani said, "Despite the softening of our asset quality and strong economic growth, our scenario is stable for the Indian banking system."