BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Global Rating agency Fitch has announced that ICICI Bank and Axis Bank have inequalities in their risk control mechanisms and has revised down its outlook on the latter to negative on sour assets worries. Where is the headquarters of Fitch?
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London
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New York
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Paris
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Both A and B
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Explanation:
Detailed explanation-1: -This is to inform you that credit rating agency S&P Global Ratings has upgraded its long-term and short-term issuer credit rating of the Bank to ‘BBB-/A-3’ from ‘BB+/B’.
Detailed explanation-2: -The bank’s net NPA ratio and net NPA to Net worth ratio stood at 0.76% (P.Y.: 1.14%) and 4.08% (P.Y.: 6.22%) respectively, as on March 31, 2022. The bank’s standard restructured loans under various RBI frameworks stood at ₹8, 267 crore, constituting 0.96% of advances (net) as on March 31, 2022.
Detailed explanation-3: -The long-term and short-term issuer credit rating on Axis Bank has been raised to ‘BBB-/A-3’ from ‘BB+/B’.
There is 1 question to complete.