Question
India Ratings have revised bank credit growth estimates
for FY23 from 10 percent to _____.Solution
While maintaining a stable outlook on banks, India Ratings has revised credit growth estimate for FY23 to 13 percent from 10 per cent due to factors like uptick in working capital demand.According to Ind-Ra, unit of Fitch, stable rating outlook for banks for FY23 indicates their waning legacy asset quality issues, strengthened balance sheets, manageable covid-19 impact and expectations of improved profitability across the banking sector.
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