SummaryAccording to Fitch, SBI’s appetite for risk has been higher than is typical for a bank with its market position, despite total loan growth slowing to 14.5% YoY in the April-December period of FY24, as against a growth of 16% in FY23. In Canara Bank’s case, Fitch sees a return in its appetite for loan growth, which has averaged at around 13% since FY21.Fitch Ratings has affirmed the long-term issuer default rating (IDR) as “BBB-” for the State Bank of India (SBI) and Canara Bank, as per a note issued on its website on Tuesday, April 16. The ratings agency also maintained its “stable” outlook for both the state-run lenders.
The IDR rating of BBB- denotes that the banks…
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