Domestic economic conditions to support growth, help preserve banks' asset quality: Moody's

Moody's Ratings anticipates India's supportive domestic economic conditions will bolster growth, enabling banks to maintain asset quality. The systemwide nonperforming loan (NPL) ratio is expected to remain between 2-3 per cent over the next 12 months. While wholesale loan quality remains healthy, unsecured retail loans are projected to exhibit weaker performance in the coming quarters.