Fitch affirms long-term ratings of six banks at 'BBB-' with stable outlook
Updated : May 31, 2019 06:22 AM IST
The agency also affirmed BBB- rating of Bank of Baroda (New Zealand), Canara Bank and Bank of India (BOI).
The rating of IDBI Bank's long-term IDR was affirmed at 'BB+'.
BOB's VR is maintained at Rating Watch Negative (RWN), as it may take a few more months before the full impact of BOB's merger with Vijaya Bank and Dena Bank, is visible on BOB's combined financial position, the note said.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more