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Crisil, the country’s largest rating agency and a subsidiary of Standard & Poor’s’, today released first bank loan ratings, which would allow banks to allocate substantially lesser capital for A to AAA entities.
Crisil has rated the bank facilities of Hero Honda, Hero Honda Finlease, NTPC, Reliance Industries, and UltraTech.
The ratings will help banks determine [...]

The move may result in higher bad loans.
State Bank of India (SBI) has decided to increase the equated monthly instalments (EMIs) on floating rate home loans for the first time after it raised interest rates over the past one year. Even though the bank expects the decision to result in higher defaults, it is [...]

State Bank of India (SBI), the country’s largest lender, has put on hold equity issues by its seven associate banks for the next three to four months, the time it will spend to decide whether to merge them with itself or let them carry on independently for some more time.
SBI feels the decision will [...]

State Bank of India (SBI) has set itself on a transformation path to scale up its profile to match that of the private and foreign banks.
Currently, only three per cent of its individual customers are from the mass affluent segment, and the bank is also unable to provide sophisticated solutions to corporates.
The country’s largest [...]