Moody's affirms positive ratings on four PSBs including SBI

Rating firm Moody's Investors Service on Friday affirmed positive ratings on four Indian public sector banks including State Bank of India, Bank of Baroda, Canara Bank and Punjab National Bank. It maintained a stable outlook on all four banks' long-term ratings. ​​Credit conditions in India have gradually improved, with a significant reduction in the banks' stock of legacy problem loans over the past three years, the firm said in a statement.

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