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Market Updates by ScanX @mupdatesbyscanx on x XXX followers
Created: 2025-07-22 04:11:26 UTC
State Bank of India (SBIN) on NSE: XXXXXX (-0.08%)
Moody's Upgrades State Bank of India's Credit Profile, Affirms Baa3 Deposit Ratings
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Moody's Ratings has upgraded State Bank of India's (SBI) Baseline Credit Assessment (BCA) and Adjusted BCA to baa3 from ba1, while affirming its Baa3 long-term deposit ratings. The upgrade reflects SBI's improved financial health, with expectations of enhanced capitalization over the next 12-18 months. SBI's consolidated CET1 ratio improved to XXXXX% from 10.30%, and its gross NPL ratio decreased to XXXX% from 2.20%. The bank successfully raised ₹24,999.99 crore through a Qualified Institutions Placement, issuing shares at ₹817 each. SBI expects XX% loan growth for fiscal year 2026, in line with industry average. Moody's revised SBI's Governance Issuer Profile Score to G-2 from G-3, maintaining a stable outlook on its ratings.
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