Indian banks are going through the final phase of their balance-sheet clean up. This completes a five-year process of purging legacy NPLs from the sector, and should see large public-sector banks return to profitability over the next 12 to 18 months. While we are positive on the sector's fundamental momentum, we observe that spreads are relatively tight. We also expect significant issuance over the next two years as 57% of hard-currency Indian bank bonds will mature by 2020.
Moody's Investors Service says that the final stage of a multiyear initiative by India's central bank to push banks to recognize problem assets more accurately will reduce profitability for the sector in the near term, but produce benefits over the longer term. "While this push will ...
Moody's Investors Service says that the India government's detailing of how much capital each public sector bank will receive in the financial year ending March 2018 is credit positive for the sector. "This announcement is a credit positive for all public sector banks, and especially...
IDBI BANK LTD. (IN), a company active in the Money Center Banks industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 4 out of 4 possible stars; its market behaviour has improved and can be considered as moderately risky. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date September 19, 2017, the clos...
FINANCIAL INSTITUTIONS ISSUER PROFILE 8 September 2017 TABLE OF CONTENTS Company overview 1 Financial highlights 2 Business description 3 Distribution channels 4 Ownership and structure 5 Subsidiaries and joint ventures 5 Company management 5 Company history 6 Peer group
FINANCIAL INSTITUTIONS CREDIT OPINION 13 July 2017 Update RATINGS IDBI Bank Ltd Domicile India Long Term Debt Ba2 , Possible Downgrade Type Senior Unsecured - Fgn Curr Outlook Rating(s) Under Review Long Term Deposit Ba2 , Possible Downgrade Type LT Bank Deposits - Fgn Curr Outlook Rating(s) Under Review Please see theÂ
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