Moody's Investors Service on Thursday said second wave of Covid infections has increased asset risks for Indian banks, but a severe deterioration is unlikely. Illustration: Uttam Ghosh/Rediff.com......
Moody's Investors Service, while silent on the sovereign rating on the higher-than-expected fiscal deficit numbers, expressed doubts over attaining the higher revenue targets and divestment......
PSBs dominate India's banking system, meaning any failure could jeopardise financial stability, as such, we expect government support will remain forthcoming, said Moody's. Public sector banks......
Government will have to infuse Rs 1.2 lakh crore (Rs 1.2 trillion) into PSU banks by 2020 to bolster their balancesheets and make good the losses suffered by them, Moody's Investors Service......
State-owned banks account for more than two-thirds of the sector's assets and about 85 percent of bad debts - a major headache for policymakers keen to support a slowing economy. India's......