MUMBAI: Scores company Icra has lowered the outlook for the banking sector from constructive to secure citing restricted upside, though the sector would proceed to stay wholesome. The rankings company indicated that that is nearly as good because it will get for banks by way of margins because the elevated price of deposits catches up and credit score progress slows.
“Web curiosity margin will proceed to stay beneath stress leading to a moderation in return indicators,” stated Sachin Sachdeva, vice-president and sector head at Icra.
“Web curiosity margin will proceed to stay beneath stress leading to a moderation in return indicators,” stated Sachin Sachdeva, vice-president and sector head at Icra.
