However, India's public sector banks will continue to face capital shortages as their profitability remains weak given high credit costs, leaving them vulnerable to any unexpected stress, the agency said.
SBI believes opportunities through subsidiaries monetisation, lower growth in RWA (risk-weighted asset), and pressure on overall credit growth does not necessitate immediate capital raise for the bank.
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Bajaj Finance was the top Sensex gainer with a growth of 6.34 per cent to Rs 2,370 apiece. HDFC, Tech Mahindra, HDFC Bank and M&M were among other gainers on t
Moody's Investors Service today said NTPC's 2015-16 results were in line with its projections and the company's financial position is likely to remain within its rating expectation over the next 12-18 months.
Moody's downgraded Macau's issuer rating to Aa3 from Aa2 on Wednesday and assigned it a negative outlook given a protracted slump in the gambling sector on which the city's economy overwhelmingly depends.