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Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

State-run banks wiped out the USD 13-billion capital infusion by the...

Around 19 of the 21 state-run banks reported losses for the fiscal, including country's largest lender SBI.

1 Jun 2018 3:36 PM IST

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

Fitch downgrades PNB's rating on deteriorating credit profile

VRs represent the capacity of the bank to maintain ongoing operations and to avoid failure.

4 Jun 2018 5:24 PM IST

Rupee on Monday made a strong comeback from its life-time low of 70.15 against the dollar and ended with a stellar 33 paise gain at 69.82 on heavy dollar unwinding and a robust rally in domestic equities. (Representational image)

Credit risk from Rs dip low: Fitch

May add pressure on banking sector.

21 Aug 2018 12:15 AM IST

Indian economy, GDP, slipped to a record low rate in August. (Photo: AP)

Fitch raises India's 2018-19 growth forecast to 7.8 per cent:...

Economic outlook is subject to several headwinds including tightening of financial conditions.

22 Sept 2018 10:47 AM IST

Global rating agency Fitch on Monday slashed its GDP forecast for India for FY18 saying growth has repeatedly disappointed in recent quarters.

Fitch ups growth forecast to 7.8 per cent

The agency said that the fiscal policy should remain quite supportive of growth in the run-up to 2019 elections.

22 Sept 2018 2:20 AM IST

Fitch identified Britains vote to leave the European Union and Trumps election as acts of populism.

Fitch warns of 'populist surge' on global growth

Fitch has revised up its global growth forecasts for next year by 0.1 percentage point.

29 Nov 2016 3:30 PM IST

GDP stands for Gross Domestic Product.

'India likely to clock GDP growth of 6.9 pc this fiscal'

Real GDP growth slowed substantially to 6.1 per cent year-on-year in the fourth quarter of 2016-17.

6 July 2017 12:41 PM IST

Fitch affirms Bharti Airtel credit rating at BBB

Credit ratings range from AAA, AA, A, BBB to D where the top rating includes high ability to replay debt.

27 May 2017 12:39 PM IST

The GST Council cleared nil rate on live asses, mules and hinnies while placing live horses under the 12 per cent bracket.

GST to benefit auto, cement, organised retail sector, says Fitch

However, implementation risks will remain over next 12 months due to complexities of adopting to new system.

18 July 2017 2:05 PM IST

Manufacturing has been a key contributor to countrys GDP.

Economy to grow 7.1 per cent in FY17, says Fitch

Ratings agency says real activity data released since note ban pointed to weak consumption and services activity.

7 March 2017 11:06 AM IST

The industrial sector contributed over 15 per cent to the NPAs followed by agriculture and services in the region of six per cent and retail loans which were the lowest at 2.3 per cent.

Auto loan collections return to normalcy post note ban: Fitch

Collections for new small vehicle loan pools were marginally stressed in November and December at 105 per cent.

22 May 2017 4:32 PM IST

Representational Image

Rating agencies downgrade Reliance communication rating

Fitch and Moody's today downgraded credit rating on account of its fragile liquidity position.

7 Jun 2017 11:07 AM IST