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Punjab National Bank

Moody’s downgrades BoB, Canara Bank, PNB

 Moody’s downgrades Bank of Baroda(BoB), Canara Bank and Punjab National Bank (PNB). Slower economic growth, deteriorating asset quality and declining margins have prompted the global credit rating agency Moody’s Investors Service to downgrade the ratings and credit assessments of three major public sector banks — Bank of Baroda, Canara Bank and Punjab National Bank. The […] Continue reading →