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Profitability and Asset Quality of Banks
Why is it in news:
- Moody’s Investors Service published its new report on banks assets.
Findings of the report:
- The challenging economic and credit conditions stemming from COVID-19 will weigh on ASEAN and Indian banks’ asset quality and profitability.
- Asset quality and profitability will deteriorate from good levels in 2019 across most banking systems.
- Singapore, Malaysia and the Philippines having the best asset quality with non-performing loans below 2%.
- While government support measures will offset some of the pressure on banks, they will not fully eliminate the negative impact.