India largest lender State Bank of India is not worried about its stand-alone rating being downgraded by global credit rating agency Moody's.
The SBI rights issue has been the talk of the season in the banking space over the past month. While it’s still not clear if the rights issue will happen at all, the public sector bank is in for a jolt. Sources at the finance ministry have revealed that the government might not subscribe to SBI's planned rights issue, reports CNBC-TV18.