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Last Updated : Jun 03, 2020 11:20 PM IST | Source: Moneycontrol.com

Business Insight | Moody's downgrades SBI, HDFC Bank; should investors worry?

Moody's has downgraded the long-term local and foreign currency deposit ratings of HDFC Bank and SBI.

A day after downgrading India’s sovereign rating, Moody's Investors Service on June 2 downgraded two top Indian banks - State Bank of India (SBI) and HDFC Bank - and took rating actions on nine other Indian banks.

Moody's has downgraded the long-term local and foreign currency deposit ratings of HDFC Bank and SBI.

Why did Moody's take rating action on banks? Should investors be worried? Is there a chance of upgrade in the near future? Watch this edition of Business Insight to know more.
First Published on Jun 3, 2020 10:48 pm
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