BANKING GENERAL KNOWLEDGE
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Question
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Fitch placed____on Rating Watch Negative (RWN), reflecting a possibility of downgrade following the USD 1.77 billion fraud.
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Allahabad Bank
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State Bank of India
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Punjab National Bank
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Bank of Baroda
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Explanation:
Detailed explanation-1: -Standard & Poor’s Ratings Services said yesterday it revised its rating outlook on Philippine National Bank (PNB) to positive from stable. “At the same time, we affirmed our ‘B+’ long-term and ‘B’ short-term counterparty credit ratings on the bank.
Detailed explanation-2: -Moody’s upgraded BoB, Canara Bank, and PNB to Baa3 from Ba1.
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