Moody's downgrades SBI, HDFC Bank amid bleak outlook for Indian banks
Thee ratings agency had on Monday downgraded the sovereign to just above junk status with a negative outlook .In absence of external capital support from the government, Moody's expects the capitalization of the PSBs to deteriorate
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Livemint: Moody's downgrades SBI, HDFC Bank amid bleak outlook for Indian banks.