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Moody's affirms deposit rating of SBI, upgrades for PNB, BoB, Canara Bank
Fri, Jan 20, 2023
Moody's has affirmed the Baa3 long-term local and foreign currency bank deposit ratings of SBI. SBI's Baseline Credit Assessment (BCA) and additional tier 1 securities (AT1) program rating is upgraded to ba1 and (P)B1 from ba2 and (P)B2, respectively.
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Indian private sector to drive carbon transition: Moody's
Tue, Apr 19, 2022
Indian private sector has to drive the carbon transition efforts as the country`s significant economic development needs will constrain the government`s ability to extend sufficient financial support, said Moody`s Investors Service.
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Moody's upgrades banking system outlook to 'stable'; economic recovery likely to drive credit growth
Tue, Oct 19, 2021
"The pick-up in economic activity will drive credit growth, which we expect to be 10-13 per cent annually. Weak corporate financials and funding constraints at finance companies have been key negative factors for banks but these risks have receded," Moody's said in its 'Banking system outlook - India' report
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Consolidation of PSU banks is a credit positive: Moody's
Fri, Aug 30, 2019
The scale factor should also help them invest in technology where they fare very poorly compared to their private sector peers said Srikanth Vadlamani, Vice President, Financial Institutions Group, Moody`s Investors Service.
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