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Fitch Ratings
Fitch places PNB’s Viability Rating on Rating Watch Negative
Newsroom24x7 Network Singapore: Fitch Ratings has placed Punjab National Bank’s (PNB) Viability Rating of ‘bb’ on Rating Watch Negative (RWN), following the large fraud reported by PNB. Fitch will resolve the Rating Watch once more clarity emerges on the extent of control failures and the impact on PNB’s financial position. At this stage, Fitch does […]
MoreIndian banks face USD65 billion capital shortage by FYE19
Newsroom24x7 Network Mumbai/Singapore: Indian banks are likely to require around USD65 billion of additional capital to meet new Basel III capital standards that will be fully implemented by the financial year ending March 2019 (FY19), according to Fitch Ratings’ latest estimates. According to Fitch, weak capital positions have a major negative influence on Indian banks’ […]
MoreCoal-fired plant load factor in India falls by 2.1 percent point in the first half of 2017
Newsroom24x7 Network About 24% of households in India are yet to be electrified. Sporadic outages continue to plague the country. New Delhi: Though the overall coal-fired plant load factor (PLF) in India fell by 2.1 percentage point (pp) year over year (yoy) to 60% in the first half of 2017, with the gas based PLF […]
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