(The following statement was released by the rating agency)
MUMBAI/SINGAPORE, September 14 (Fitch) A successful cross-border
Additional Tier
1 (AT1) issue by State Bank of India (SBI, BBB-/Stable), India's
largest bank by
assets, would be a positive development for India's banking
system, Fitch
Ratings says.
The first cross-border deal in the dollar AT1 market from an
Indian bank would
open up a new source of much-needed regulatory capital and
provide a pricing
benchmark for other banks ke
Read more
No comments:
Post a Comment