Sunday, June 24, 2012

Global Rating Firm Fitch Reduced Banks and Financial Institutions Rating in India - Latest Banking news

Here is latest Financial Business Banking News on Global Rating Firm Fitch Reduction of Banks and Financial Institutions Rating in India.

Popular global rating organization Fitch has downgraded many banks rating in India.

List Banks and Financial Institutes in India

Axis Bank

Bank of Baroda

Canara Bank

Export-Import Bank of India

Housing and Urbon Development Corporation



Infrastructure Development Finance Company Ltd

Punjab National Bank

State Bank of India
From recent days, Indian domestic currency Rupee value is declining to a current record level 57 rupees. Also Indian Current Account Deficit also increased greatly.

There are many reasons to Rupee declining and Indian shares stock market. These reasons are causes Fitch rating revision for Indian lenders Banks and financial institutions.

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