Moody's says India's growth potential fundamentally strong, maintains stable outlook on banks
"Banks' profitability will stabilise after improving in the past few years as the boost from declines in loan-loss provisions wanes. Banks' capital, funding and liquidity will be stable and supportive of credit growth," Moody's said.
Moody's expects India's real GDP to grow 5.5 per cent in fiscal 2024 and 6.5 per cent in fiscal 2025. Pic: Reuters