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S&P Revises Upward Ratings of 7 Banks
The New Indian Express Kannur
|August 17, 2025
Expecting banks and leading non-banks to maintain adequate asset quality, good profitability, and enhanced capitalization over the next 12-24 months, S&P Global Ratings, which has upgraded the sovereign rating on the country to BBB with positive outlook—first time in 18 years—has raised the long-term issuer credit ratings with stable outlook on seven banks and three finance companies, despite noting some pockets of stress.
These entities are SBI, HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, Union Bank of India, and Indian Bank, and three non-banking finance companies -- Bajaj Finance, Tata Capital and L&T Finance.
Esta historia es de la edición August 17, 2025 de The New Indian Express Kannur.
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MÁS HISTORIAS DE The New Indian Express Kannur
The New Indian Express Kannur
‘Air conditioner prices to go up by 5-15%, sales likely to grow by 20%’
sharp rise in copper prices is all set to make cooling an expensive affair this year. To combat this and currency fluctuations amid a weakening rupee, most AC brands are expected to go price hike of between 5 and 15%, said Mukundan Menon, managing director, Voltas Limited. In an exclusive interaction with Arshad Khan, Menon said Voltas, a Tata Group company, is eyeing a growth of 20% this year while the AC market overall may grow at around 15-20%. The MD also wants to increase Voltas presence in the international market and expects to remain the fastest-growing brand in the refrigerator and washing machine market. Edited excerpts:
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The New Indian Express Kannur
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U’khand BJP prepares poll strategy to oust Cong from 23 ‘difficult’ seats
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1 min
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The New Indian Express Kannur
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AS Algerians fast, pray and gather for the holy month of Ramzan, a worry lurks in many minds: how to afford the holiday feasts this year.
1 min
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The New Indian Express Kannur
Strait of Hormuz closure to affect LPG supplies
ANY further escalation that leads to the closure of the Strait of Hormuz could disrupt India’s energy supplies, affecting not only crude oil but also LPG imports.
1 min
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The New Indian Express Kannur
Feb GST revenues rise 8.1% to ₹1.83L cr
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1 mins
March 02, 2026
The New Indian Express Kannur
Israel-Iran conflict: Agony for shuttlers
IT was a moment that left her shaken and helpless.
2 mins
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The New Indian Express Kannur
After Khamenei, Iran confronts an uncertain political future
AYATOLLAH Ali Khamenei, who assembled theocratic power in Iran over the decades as its supreme leader and sought to turn it into a regional powerhouse, bringing it into confrontation with Israel and the United States over its nuclear programme while crushing democracy protesters at home, has died.
1 min
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The New Indian Express Kannur
Airlines cancel all flights to West Asia, traffic to Europe, US hit for 2nd day
THE aviation chaos due to the escalating tensions in the Middle East continued for the second consecutive day on Sunday with airlines from India cancelling all flights to the region and to some cities in the West, which are accessed via the closed airspace.
1 min
March 02, 2026
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