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S&P Revises Upward Ratings of 7 Banks
The New Indian Express Hubballi
|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.
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