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    • Banking sector may recover very marginally from low base: S&P

      The rating agency said the pace of new non-performing loan creation is likely to abate somewhat over next 12 months.

    • S&P affirms PFC's long-term credit rating with stable outlook

      The agency expects PFC to maintain its profitability at higher than the broader financial industry. The company's core earnings of about 2.8 percent of average adjusted assets for the past three years were higher than the 0.7 percent for the banking industry in India, the statement said.

    • Banks' asset quality woes, capitalisation stress to continue:S&P

      The US-based agency expects that non-performing loan ratios of Indian banks with high exposure to companies in troubled sectors will continue to rise.

    • Secondary steel makers will continue to hurt from imports: S&P

      More than bail out packages, the key for Indian corporates would be an improvement in cash flows so that they can reduce debt

    • S&P places IOB on 'CreditWatch' as losses mount

      The agency has put 'BB+' long-term and 'B' short-term issuer credit rating on IOB on "CreditWatch with negative implications".

    • Banks need to look at alternate sources of capital: S&P

      In an interview to CNBC-TV18, Pandey says banks will need as much as USD 35 billion over the next three years, compared to the USD 11 billion that the government is willing to infuse.

    • PSB infusion plan will not fully finance shortfall: S&P

      In a report titled - India's Capital Infusions For Public Sector Banks Are Just A Breather, S&P said the stand-alone credit profiles and ratings on some PSU banks remain sensitive to any further deterioration in asset quality, capital, and earnings

    • Improvement in banks' asset quality to take time: S&P

      A revival in private sector investments and credit growth, and a reversal in the trend of rising non-performing loan ratios for India's banks is also likely to take time, the report said.

    • Headwinds for Indian banks to continue in 2014: S&P

      The ongoing weakness in asset quality of banks will persist for 12 months as the economic recovery is "likely to be tepid," according to S&P credit analyst Amit Pandey.

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