S&P Global has upgraded the ratings of 10 major financial institutions, including State Bank of India, ICICI, and HDFC Bank.

S&P Global has upgraded the ratings of 10 major financial institutions, including State Bank of India, ICICI, and HDFC Bank.

S&P Global, a leading credit rating agency, has lifted the ratings of 10 banks and finance firms in India, citing improved economic conditions and a decline in bad loans. The upgrade reflects the agency’s optimism about the Indian banking sector, which has...