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Moody’s gives negative outlook for global banks

PTI

Updated At : 02:15 PM Dec 07, 2023 IST

New Delhi, December 6

Moody’s Investors Service on Wednesday said the outlook for global banks for 2024 is negative as central banks’ tighter monetary policies have resulted in lower GDP growth.

It said Indian banks’ profitability will increase further on lower provisioning expenses and robust growth in higher-yielding retail segments.

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Moody’s gives negative outlook for global banks

PTI

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