December 16, 2024 4:19 PM

India’s banking sector set for continued resilience amid strong economic growth: S&P Global

India’s financial sector is set for continued resilience, driven by structural improvements and strong economic growth, according to S&P Global Ratings' 2025 banking outlook. “We expect asset quality to stabilize, with weak loans projected to decline to around 3.0% of gross loans by March 2025. This is supported by healthy corporate balance sheets and improved risk management,” said Deepali Seth-Chhabria, Analyst at S&P Global Ratings. While underwriting standards for retail loan...