According to Fitch, the Global Rating Agency, Indian Banks are expected to remain robust during the current financial year as well as 2010-11 even if NPAs and interest rates rise. The Agency has also said that the Indian Banking System is expected to remain resilient even under rigorous stress assumptions on both asset quality and profitability during FY 2010 and FY 2011.
Source: http://economictimes.indiatimes.com/articleshow/5079776.cms
INDIAN BANKS ARE EXPECTED TO REMAIN ROBUST
Labels: BANKING N FINANCE
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