The stable rating outlook for banks for FY23, the rating agency said, indicates their waning legacy asset quality issues, strengthened balance sheets, manageable covid-19 impact and expectations of improved profitability across the banking sector.
A pioneer in the country’s credit cards space, Citi saw its outstanding credit cards decline from 26 lakh a year ago to 25 lakh by the end of February.
BEIJING, Jan. 7 (Xinhua) Chinese commercial banks posted a declining bad loan ratio at the end of November 2021, official data showed. The non-performing loa