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, the immediate impact may not be very material from the domestic point of view.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!