Losing 2 News
Banks' profit may reduce 10%: Fitch
Indian banks, with exposure to second-generation mobile service licence, may see yearly profits fall by up to 10 per cent due to provisions for losses, according to Fitch. Even so, the rating agency said on Friday Indian banks sector should be able to absorb loan losses stemming from the cancellation of these licences without materially impairing credit quality. The statement comes a day after the
Losing 2 Galleries
|
|
