Moody's Investors Service has downgraded State Bank of India's (SBI) bank financial strength rating (BFSR), or stand-alone rating, to D+ from C-. In an interview to CNBC-TV18, Vaibhav Agrawal, banking analyst at Angel Broking said, “We have concerns that SBI being the largest bank its capital adequacy is the lowest amongst Indian banks.”
first published: Oct 4, 2011 03:16 pm
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