As global rates turn, banks in India and Indonesia set to win

News Snapshot:

SINGAPORE, Nov 29 (Reuters) - As Asia's banking sector navigates a peak in global interest rates and risks of slower growth, investors are wagering that banks in India and Indonesia have the strongest loan and profitability profiles to provide returns next year. Over the past 18 months Asian central banks tracked the U.S. Federal Reserve tightening monetary policy to battle inflation, but their interest rates hikes were smaller and slower, resulting in better interest income for the region's banks without loan growth suffering. Banking indexes in India (.dMIIN0CB00PUS), Indonesia (.dMIID0CB00PUS) and Thailand (.dMITH0CB00PUS) have all outperformed the broader MSCI Asia...