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Fitch affirms Issuer Default Rating on four PSBs including SBI

Upgrades viability rating for IDBI Bank by a notch due mainly to improved core capitalisation and the high loan-loss coverage

public sector banks | Fitch Ratings | sbi

Abhijit Lele  |  Mumbai 

In each strategic sector, no more than four state-owned companies will exist
Fitch believes a speedy economic recovery is critical for the sector to rebound meaningfully

today affirmed ratings on four public sector banks–-State Bank of India, Bank of Baroda, Punjab National Bank and Bank of India.



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First Published: Thu, December 03 2020. 18:25 IST