Icra Revises Downwards Banking Sector Outlook To Stable On Credit Growth Moderation In FY25
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Icra downgraded the banking sector outlook from positive to stable due to expected credit growth and profitability moderation in FY25. Gross NPAs likely to reduce to 2.2% by March 2025. Challenges include deposit mobilization, NIM pressure, and increasing operating expenses, despite benign credit costs. Public sector banks fare better in fresh slippages due to a larger corporate advances focus
Icra revises downwards banking sector outlook to stable on credit growth moderation in FY25
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ICRA revises banking sector outlook to stable from positive
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Icra revised banking sector outlook to stable, expecting moderated credit growth. Net interest margins to compress due to rising deposit cost, potential rate cut leading to margin pressure from advances repricing. Healthy earnings and elevated CD ratio may pose challenges in deposit mobilisation. Credit costs steady at 0.8% of advances.