Why Morgan Stanley Remains Positive On Private Lenders, NBFCs

Morgan Stanley remains positive on India’s private banking space. Here’s why.

ATMs of public and private sector banks in India (Photograph: Adeel Halim/Bloomberg)

Morgan Stanley is bullish on Indian private sector lenders and non-banking finance companies, even as they grapple with asset quality woes. That’s because these entities have done better than state-owned lenders on recognition and provisioning for bad loans, the global brokerage said.

Also Read: India's Banking Bog Needs a Private Road to Salvation

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