Indian banks’ operating environment strengthened as economic risks associated with COVID-19 pandemic ebbed, says Fitch Ratings

The operating environment for Indian banks has strengthened as economic risks associated with the Covid-19 pandemic have ebbed, said Fitch Ratings. A number of indicators for the banking sector have also improved compared with pre-pandemic levels, the rating agency said. “India was badly affected by the pandemic, but the associated risks have now receded,” said the rating agency in a report.