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India FIs to continue facing risks as funding remains weak, says Fitch

India FIs to continue facing risks as funding remains weak, says Fitch

Friday, February 21, 2020, 1:56 PM

India's financial institutions would continue to face difficult operating environment amid the macro-economic slowdown and weak funding conditions, Fitch Ratings said here on Wednesday. Fitch expects India's real gross domestic product (GDP) growth to slow to 4.6% in FY20 from 6.8% in FY19, led by a squeeze in credit availability from non-bank financial institutions (NBFIs) and deterioration in business and consumer confidence.
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