The credit rating agency — Moody’s Investors Service has revised the outlook for AXIS Bank from stable to negative. Further, it has downgraded the counterparty risk assessments of the Bank to Baa3(cr)/P-3(cr) from Baa2(cr)/P-2(cr), and the local currency counterparty risk rating of the Bank to Baa3/P-3 from Baa2/P-2. Axis Bank is the third largest private … Read more
The credit rating agency — Moody’s affirmed the deposit ratings of ICICI Bank at Baa3. The Bank’s baseline credit assessment (BCA) and adjusted BCA are also affirmed at ba1. Moody’s has lowered the counterparty risk assessment from Baa2(cr)/P-2(cr) to Baa3(cr)/P-3(cr) and the local currency counterparty risk rating from Baa2/P-2 to Baa3/P-3. The outlook on the … Read more
HDFC Bank’s advances has increased to approximately Rs 9,930 billion as of March 31, 2020, a growth of around 21% as compared to Rs 8,194 billion as of March 31, 2019 (Rs. 9,360 billion as of December 31, 2019). The Bank’s deposits aggregated to approximately Rs 11,465 billion as of March 31, 2020, a growth … Read more
Bharti Airtel and CuriosityStream have deepened their ground-breaking content partnership to bring premium content from CuriosityStream to TV homes in India. Airtel Digital TV, the DTH unit of Airtel, has launched an exclusive Free to Airtel channel with the full catalogue of CuriosityStream’s award-winning factual entertainment films and series. The CuriosityStream TV channel (419) will … Read more
Coal India’s subsidiary — Western Coalfields (WCL) has slashed the coal auction floor price of specific mines by 10 per cent. With an effort to provide coal at cheaper price to consumers during the current Covid-19 pandemic, the reduced auction price will be applicable for coal from ‘mine specific source’ for all auctions to be … Read more