Fitch has published a report on banks in the Asia Pacific region and their outlook for Indian banks is negative but if the government's recap plan is implemented well then it can lead to outlook revision in 2018. In an interview with CNBC-TV18, Jobin Jacob of Fitch Ratings discussed about the same.
CNBC TV18
@moneycontrolcom
Fitch has published a report on banks in the Asia Pacific region and their outlook for Indian banks is negative but if the government's recap plan is implemented well then it can lead to outlook revision in 2018. In an interview with CNBC-TV18, Jobin Jacob of Fitch Ratings discussed about the same.
According to him credit growth is likely to recover gradually. “Given that the banks have been struggling with asset quality concerns and weak profitability, they would take some time to set their house in order once the capital flows in and then refocus, he added.
For full interview, watch accompanying video...
