Moody's Investors Service says that the Indian government's plan to provide more capital support for its public sector banks in the year ending March 2019 (fiscal 2019) will restore capital adequacy and improve loan-loss coverage at many loss-making banks, but stress will persist. "...
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...
FINANCIAL INSTITUTIONS CREDIT OPINION 29 September 2017 Update RATINGS Syndicate Bank Domicile India Long Term Debt (P)Baa3 Type Senior Unsecured MTN - Fgn Curr Outlook Not Assigned Long Term Deposit Baa3 Type LT Bank Deposits - Fgn Curr Outlook Stable Please see theÂ
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