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Outlook for India's banking system remains negative: Moody's

Last Updated: Tuesday, December 04, 2012, 15:24

Global rating agency Moody's on Tuesday said its outlook on Indian banks remains negative as asset quality could further deteriorate, leading to decline in profitability due to slow economic growth and high interest rates.

Outlook for India's banking system remains negative: Moody's

Last Updated: Tuesday, December 04, 2012, 15:24

Global rating agency Moody's on Tuesday said its outlook on Indian banks remains negative as asset quality could further deteriorate, leading to decline in profitability due to slow economic growth and high interest rates.