Bank Illustration

Photo: The Economic Times

Indian Private Banks to Gain Higher Market Shares; Predicts Fitch Ratings

Large and mid-sized private banks in India are predicted to gain higher market shares compared to the public banks in the medium term. A credit rating agency by the name "Fitch Ratings", predicted the statement on September 3. It stated that private banks witnessed an annual growth of 19.6%, compared to 8.5% of the public banks. It further stated that state banks were constrained by unpaid loans, larger losses, and weaker capitalization.

Thu, 03 Sep 2020 - 01:55 PM / by Mahadevan K V

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