Fitch Ratings said the state-owned banks are more vulnerable than private banks, given their participation in relief measures, while their earnings and core capital buffers are weak.

Ind-Ra changed outlook on public sector banks to \"stable\" for FY22 from \"negative\", saying that regulatory changes led to an improvement in state-owned bank's ability to raise AT I capital

The four banks on the shortlist are Bank of Maharashtra, Bank of India, Indian Overseas Bank and the Central Bank of India, two officials told Reuters on condition of anonymity as the matter is not yet public

Stock Market News Updates Today: Airtel, HDFC twins, ICICI Bank, Kotak Mahindra Bank, Infosys, IndusInd Bank and Axis Bank were trading among the top gainers. Today, Sensex hit a record high of 52,235 and Nifty hit a lifetime high of 15,340

Stock Market News Updates Today: RIL, Bajaj twins, Airtel were among the top gainers while, Nestle, TCS, Axis Bank, L&T traded as the top losers

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PM Modi and Joe Biden agreed to work together on the fight against the COVID-19 pandemic, rebuild the global economy that benefits the people of both countries, and stand together against the scourge of global terrorism

Indian state-run banks have so far managed to avert further pressure on their weak core capitalisation due to regulatory forbearance, limited risk underwriting and lower credit growth, says Fitch

In spite of criticism and Opposition jibes, the Centre commits itself to selling most PSUs; sets ambitious disinvestment target for FY22

Moody's expects India's nominal GDP growth to rise close to 17 per cent in fiscal 2021, higher than 14.4 per cent pegged in the Union Budget 2021 

Lenient FDI regulations, listing of LIC, and privatisation of a government-owned general insurer should benefit the broader domestic insurance market as these entities hold dominant positions, says Moody's

Fitch Ratings, one of the two having a negative outlook on India's rating, may downgrade the rating to junk, Nomura warned

Cumulative exports during April-January 2020-21 exhibited a negative growth of 13.66 per cent at $228.04 billion, as compared to $264.13 billion during the same period last year

Fitch had placed India's \"BBB-\" rating on a negative outlook in June 2020 due to the pandemic's impact on growth prospects and the challenges of the high debt burden

Budget 2021: The fiscal deficit of 9.5 per cent in 2020-21 and 6.8 per cent of GDP in 2021-22 crosses the level of global financial crisis. In fact, the numbers are much above the market expectations

The Economic Survey presented in Parliament on Friday expressed concern over lower sovereign rating assigned by agencies like Fitch, S&P and Moody's to India despite its strong economic fundamentals

Currently, India is rated investment grade by three major rating agencies - S&P, Moody's and Fitch. Post Covid, Moody's has retained a negative outlook on India's rating. Fitch had also changed the outlook to negative. S&P  had, however, reaffirmed its rating and outlook

While presenting the Economic Survey for 2020-21, Subramanian said India's ability and willingness to pay its debt is second to none in the world and the ratings should reflect that

Economic Survey 2021: The Survey defended India's fast-moving growth and called for an overhaul of sovereign rating methodology, saying that the fifth-largest economy can't be BBB- rated

The proposed changes to India's regulatory framework for non-bank financial institutions (NBFIs) unveiled in the Reserve Bank of India's (RBI) discussion paper on January 22 are likely to enhance the sector's stability, Fitch said