India Ratings revises outlook on banking sector to stable; sees higher retail stress
For public sector banks (PSBs), the outlook has been revised to stable from negative and for private banks, the agency continues to have stable outlook.
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India Ratings and Research on Monday revised its outlook on the overall banking sector to stable for the fiscal 2021-2022 from negative even as it sees higher stress emerging in the retail loan segment going ahead.
For public sector banks (PSBs), the outlook has been revised to stable from negative and for private banks, the agency continues to have stable outlook.