Indian banks in a squeeze as interest rates soar: S&P Global – The Times of India
The Indian banking sector is undergoing pressure, weighted by slowed growth in loans amid high interest rates, according to a report by S&P Global Market Intelligence.The report estimated that loan growth across six of India’s largest banks, including private and state-owned, will plunge to 12.3 per cent in the fiscal year ending 31 March 2025,…