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Moody Downgrades Central Bank of India, Overseas Bank
July 31, 2017
The long-term bank deposit ratings of the Overseas Bank and the Central Bank of India have been lowered by the prominent credit bureau, Moody. The agency also said that the launch of new policies such as the Financial Resolution and Deposit Insurance Bill is indicative of the fact that the government’s support to some banks is lower than expected.
Moody affirmed the ratings of some other banks too which are ICICI Bank, Union Bank of India, Syndicate Bank, Bank of Baroda, Oriental Bank of Commerce, and Canara
