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Fitch lowers rating outlook of SBI, ICICI, PNB, BoB

 Global agency Fitch downgrades rating outlook to negative from stable of 11 financial entities including SBI, ICICI Bank, PNB and Axis Bank. Fitch’s action follows the revision earlier this week of India’s outlook to negative. The list of downgraded entities include six government banks, two private banks. These include Bank of Baroda, Bank of Baroda […] Continue reading →