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| 1. |
Where is the headquarters of Moody's Investors Service? |
| Answer» Moody's Investors Service in its report stated that the profitability of Indian banks is "distinctively weak" compared to the other BRICS nations. In India, the system-wide asset quality is weak due to stressed public sector banks, which dominate the sector. Indian banks have a tangible common equity ratio of 8.7 percent at the end of 2017. It is unprofitable and has a negative ROA due to high credit costs at dominant state-owned banks. | |