Moody, the international rating agency has revealed its pessimistic view over Indian banking sector. This international agency has revealed that due to the poor structure and policies in loan and other segments banking sector is experiencing a drawback in assets quality and other growth prospects.
For this setback in banking sector, Moody has pointed out the age old concept of nationalised banks. The weak structural outlook of the banking sector will deprive the banking sector to flourish to the fullest. The opaque background of loan loss is bringing more drawbacks in the fund raising segment of the banking sector.
As these nationalised banks are entirely covered by the antique concept of banking, so they are now properly cope with the present economical frame of the world. The cliché concept of banking is now lowering the fund raising and the asset quality in the banking sector. In most cases these nationalised banks are becoming a popular option for providing non performing loans to the infrastructure projects which are disturbing the profit graph of the banking sector.