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BRIEF-Moody's says outlook for Indian banking system stable
August 31, 2017 / 2:32 AM / 3 months ago

BRIEF-Moody's says outlook for Indian banking system stable

Aug 30 (Reuters) -

* Moody‘s: outlook for Indian banking system stable

* Moody’s on Indian banking system - outlook in line with stable outlooks for 10 of the 15 banks we rate in this system

* Moody’s on Indian banking system - outlook reflects stable operating environment and improved prospects for asset quality, among other factors

* Moody’s on Indian banking system : headline growth is robust, private investment remains relatively weak

* Moody’s - outlook expresses expectation of how Indian bank creditworthiness will evolve in the system over the next 12-18 months

* Moody’s on Indian banking system : economy will continue to recover from temporary liquidity shock from demonetization, while adjusting to GST

* Moody’s - baseline scenario assumes India’s GDP growth of 7.1% in the fiscal year ending in March 2018, the same pace as the prior year

* Moody’s on Indian banking system - government support will remain strong for public sector banks, despite a reluctance to bolster bank capital

* Moody's - Indian banks to continue to have strong funding and liquidity banks have seen surge of low cost deposits following demonetization Source text: bit.ly/2iIcu1Q

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