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Fitch estimates that the banking sector will require around USD 90 billion in new total capital by 2018-19 fiscal to meet Basel-III standards and ongoing business needs.

Fitch cuts India GDP growth forecast to 4.6 pc in FY20

Fitch reaffirmed India's rating at 'BBB-' with a Stable Outlook saying the rating balances a strong medium-term growth...

20 Dec 2019 5:04 PM IST

Moodys also affirmed Indias local-currency senior unsecured rating and other short-term local-currency rating.

Moody's cuts India's GDP growth forecast to 5.6 pc for 2019

Moody's expects economic growth to pick up in 2020 and 2021 to 6.6 per cent and 6.7 per cent respectively.

13 Dec 2019 1:51 PM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Capital requirement of PSBs to shrink to about Rs 25,000 cr in FY20:...

The recent capital infusion will improve solvency of banks, but not fully resolve legacy problem loans.

21 Feb 2019 6:02 PM IST

Moodys is a global rating agency

Despite massive capital infusion, full turnaround is still away for...

Banks are far from a full turnaround as large volumes of problem-loans will still continue to cap improvements and...

21 Feb 2019 5:51 PM IST

Moodys has downgraded Chinas long-term rating by one notch from Aa3 to A1 as the Chinese government grapples with the challenges of rising financial risks stemming from years of credit-fueled stimulus.

Moody's retains stable outlook for Power Finance Corp, Rural...

The ratings agency Moody's has confirmed the Baa3 issuer ratings of PFC and REC.

27 March 2019 7:48 PM IST

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

PNB's stake sale in housing finance arm 'credit positive': Moody's

Upon completion of the sale, PNB will retain a 19.8 per cent stake in PNB Housing Finance worth around Rs 3,000 crore.

8 April 2019 11:26 AM IST

The JSW Steel scrip closed 2.41 per cent up at Rs 294.85 on the BSE, as against a gain of 0.46 per cent on the benchmark.

JSW Steel raising $500 million from overseas bond sale

Moody's said proceeds from the issue will be utilised for retiring some debt and also for capital expenditure.

6 April 2019 11:34 AM IST

Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

SC order on RBI circular negative for banks, may defer debt resolution

Moody's said the resolution of stressed loans impacted by the circular will be further delayed.

2 April 2019 7:42 PM IST

GMR Infrastructure

GMR to raise USD 350 million via bonds for Delhi airport expansion

The proposed bond's Ba2 senior secured rating reflects the airport's strong position and robust passenger traffic.

7 May 2019 11:23 AM IST

Global rating agency Moodys Investors Service on Tuesday placed Yes Banks foreign currency issuer rating of Ba1 under review for downgrade.

Yes Bank shares fall 13 pc in three days

The scrip extended its previous session's fall and further tanked 12.73 pc to hit a one-year low of Rs 117.50 -- on BSE.

13 Jun 2019 12:27 PM IST

Moodys has downgraded Chinas long-term rating by one notch from Aa3 to A1 as the Chinese government grapples with the challenges of rising financial risks stemming from years of credit-fueled stimulus.

RBI's new prudential framework for stressed asset resolution credit...

RBI issued a framework for resolution of stressed assets, which give banks 30 days to review a borrower account before...

10 Jun 2019 11:21 AM IST

The UIDAI has restored Bharti Airtels authorisation to conduct Aadhaar-based verification of its mobile subscribers.

Airtel could raise USD 3.5 bn more from stake sale in merged tower...

Sale of a significant stake in its tower assets would help in further debt reduction, said Moody's.

19 July 2019 5:04 PM IST