Indian banks more stable but challenges stay

Newsroom24x7 Desk Mumbai: Capital-raising will be a key theme for Indian banks, as asset-quality pressures gradually stabilise and banks look to revive credit growth in support of a recovering GDP outlook. However, there will be challenges for state-owned banks in particular, given weak core capitalisation and expectations of slow earnings recovery due to high credit… Read More Indian banks more stable but challenges stay

Masala Bonds Offer India Firms Funding Diversification

Newsroom24x7 Desk Mumbai/Singapore: The opening of a ‘Masala’ bond market, where Indian firms issue bonds offshore in rupee, will provide an opportunity for some larger issuers to diversify funding sources without taking on currency risks, says Fitch Ratings. The ability to diversify funding, according to Fitch, would be credit positive, but in the early stages of… Read More Masala Bonds Offer India Firms Funding Diversification

Indian Banks Report Card: Challenges for India’s state bank sector despite improving macro

Newsroom24x7 Desk Mumbai/Singapore: The performance of India’s state bank sector remained challenged in FY15 (to end-March 2015), with continued pressure on asset quality and weak capital, according to Fitch Ratings’ Indian Banks Report Card FY15 published on 6 July. Capital needs are likely to increase substantially each year up until FY19. There are few indications… Read More Indian Banks Report Card: Challenges for India’s state bank sector despite improving macro