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BIZ-FITCH BANKING OUTLOOKBCM17 - Fitch has negative outlook on banks, raises capital concerns

Contributed by NAMPA / PTI.

Mumbai, Sep 14 (PTI) Fitch Rating today held out a negative outlook on the country's banking sector, citing weak capital position and financial performance.
The global rating agency said banks look vulnerable with poor capitalisation and without adequate support from the state and capital markets.
"The negative outlook is based on our assessment that the banking sector's weak core capitalisation continues to pose downside risks to standalone credit profiles amid expectations of continued poor lo ...