Moody’s has maintained a stable outlook for India’s banking system citing strong fundamentals of the local economy which will support credit growth and prevent deterioration in asset quality. The rating agency has however flagged loans to small and medium-size enterprises (SMEs) which it said could pose risks to banks’ asset quality because this segment is the most vulnerable to rises in interest rates.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend