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CRISIL Revises Ratings of 18 Public Sector banks
January 29, 2018
Global financial rating company CRISIL said that in light of the government’s reforms taken to support the banking sector, including the mega recapitalization initiative, it has revised the outlook on 18 Public Sector Banks (PSBs) from “negative” to “stable”.
The financial analytics company also said that for the Basel III tier I bonds, it has reaffirmed the ratings for 9 PSBs, and the outlook has been left unchanged as “negative”.
Taking into account the government’s plan to infuse Rs. 2.11 lakh crores into the PSBs, CRISIL said it believes they will now be able to handle the burden of the bad loans provisioning.
