Moody's affirms SBI, HDFC Bank ratings on strong asset quality
Moody's Ratings has confirmed the ratings for both State Bank of India and HDFC Bank, attributing a stable outlook to their robust asset quality. SBI excels with its diverse lending practices and stable net interest margins, while HDFC Bank is bolstered by a strong retail presence that ensures a low-cost deposit base. The agency forecasts that asset quality for both banks will remain stable moving forward.
Moody's Ratings has confirmed the ratings for both State Bank of India and HDFC Bank, attributing a stable outlook to their robust asset quality. SBI excels with its diverse lending practices and stable net interest margins, while HDFC Bank is bolstered by a strong retail presence that ensures a low-cost deposit base. The agency forecasts that asset quality for both banks will remain stable moving forward.
