Newsmakers: S&P on banks' asset quality, BigBasket raises $150 mn for expansion and more - Photos-1
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Newsmakers: S&P on banks' asset quality, BigBasket raises $150 mn for expansion and more

Key business news events for the day
Banks' asset quality to remain under pressure this year: S&P
Indian banks' asset quality and capitalisation are likely to remain under pressure in the next 12 months mainly because of tepid industrial activity and high leverage by some corporates, Standard & Poor's said. "We expect profitability of Indian banks to decline over the next two to three quarters because banks recently cut base lending rates, and their credit costs are likely to remain high," S&P credit analyst Amit Pandey said.
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