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INDIANB - Indian Bank News Story

₹125.85 -2.7  -2.1%

Last Trade - 14/05/21

Sector
Financials
Size
Mid Cap
Market Cap £1.38bn
Enterprise Value £2.85bn
Revenue £1.93bn
Position in Universe 232nd / 3111

BRIEF-Moody's Says Proposed Consolidation Credit Positive For Indian State-Owned Banks

Thu 5th September, 2019 10:11am
Sept 5 (Reuters) - 
    * MOODY'S SAYS PROPOSED CONSOLIDATION IS CREDIT POSITIVE FOR
INDIAN STATE-OWNED BANKS
    * MOODY'S SAYS CONSOLIDATION PLAN TO BENEFIT INDIAN
STATE-RUN
BANKS AS IT WILL RESULT IN INCREASED OPERATIONAL SCALE AND
CAPITAL
    * MOODY'S SAYS CONSOLIDATION PLAN TO BENEFIT INDIAN
STATE-RUN
BANKS AS IT WILL ALSO LONGER-TERM POTENTIALLY LEAD TO IMPROVED
CORPORATE GOVERNANCE
    * MOODY'S SAYS EXPECT MERGERS OF INDIAN STATE-RUN BANKS TO
BE
COMPLETED BY THE MIDDLE OF NEXT YEAR
    * MOODY'S SAYS ASSET QUALITY AND PROFITABILITY OF INDIAN
STATE-RUN
BANKS TO REMAIN BROADLY UNCHANGED AFTER CONSOLIDATION


 ((Reuters.Briefs@thomsonreuters.com;))
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