Asset quality issue at Indian banks subsiding, bolstering appetite for growth: Fitch

New Delhi [India], May 13 (ANI): Asset quality pressures are subsiding at Indian banks, creating a favourable business environment and bolstering banks' potential and appetite for growth, said Fitch Ratings on Monday.

Bank loans grew by 16 per cent in the financial year that ended in March 2024, similar to 2022-23, and exceeding the 8 per cent CAGR over 2014-15-2021-22.

Large private banks gained significant market share