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Indian banks to remain under pressure for the next one year, says S&P 

February 11, 2014
Anup Roy, Live Mint
Indian banks will continue to face asset quality pressures for the next 12 months and 2014 will be a difficult period for the banking industry, rating agency Standard and Poor’s said on Monday.
It said in a report banks need a sizeable amount of capital to boost their capital base and support economic growth.
“The growth, profitability, and asset quality of Indian banks are likely to remain subdued in the next 12 months, despite a likely uptick in economic growth,” said the rating agency’s banking outlook report for 2014.
Banks that have reported their third-quarter results so far have shown a deterioration in asset quality even though the pace of deterioration may have slowed from the second quarter. However, some banks have shown a steep decline in asset quality.
Read more: Live Mint
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