PNB has assured investors and customers that it has a strong sovereign backing and adequate capital to deal with the situation in the aftermath of the Rs 11,400 cr fraud.
PNB's has slumped by Rs 10,939 crore in five days, which is nearly equal to the massive Rs 11,384-crore fraud at the company, even as the stock made a marginal recovery.
The agency has a Baa3/P-3 rating on the Delhi-based lender now while it has a Baa3 rating on its foreign currency issuer rating.
The ongoing political turmoil in Maldives would reduce tourist arrivals, a key driver of the economy and a prolonged crisis would dent investment inflows, Moody's said.
Italy needs a credible strategy to reduce its public debt in order to improve its creditworthiness, an analyst at Moody’s said.
Moody's has revised the outlook on two Indian public sector lenders, the Indian Overseas Bank (IOB) and Central Bank of India (CBI), from "stable" to "positive".
Global green bond issuances are likely to surge by 60 pc to a record USD 250 bn, with India and China leading the emerging markets in this space, says a Moody's report.
Echoing Jaitley's description of Budget 2018-19, Moody's said the "slight" slippage in fiscal deficit for the current year would have no overall material impact.
Global rating agency Moody's said the fiscal deficit projection of 3.3 percent for FY19 is in line with its forecast and the target will be achieved.
India’s 2018/19 budget is in line with the govt’s fiscal consolidation path, a Moody’s analyst said, adding that it reinforced the recent rating upgrade for the country.
Joint venture partner is exploring stake in Max Healthcare
Life Healthcare Group Holdings Ltd Has Initiated Preliminary Discussions With Max India, Company‘s Joint Venture Partner In Max Healthcare Institute
Talks Explore Possibility Of Max India Acquiring Life Healthcare‘S Equity Interest In Max Healthcare Institute Limited
Board approves amalgamation of Co with IDFC Bank Ltd
National Housing Bank has intimated that it has no objection for the amalgamation
Board approves purchase of entire shareholding held by Usha International
To pay a consideration of Rs 24.83cr which will be paid over 12 months
EROS INTERNATIONAL , RIL
In Pact with Eros India to Set-Up $150 Mn Fund to consolidate content
RIL, Through Unit, agreed to subscribe to 5% stake in NYSE Listed Eros
RIL, Co agreed to partner in india to jointly produce, consolidate content
Jyoti Deshpande to head RIL's Media & Entertainment Business