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

Following RBI’s rate cut, major banks slash savings account interest rates, with SBI plunging to 2.5% and HDFC, ICICI reducing to 2.75%.

Major banks in India, including State Bank of India (SBI), HDFC Bank, and ICICI Bank, have reduced their interest rates on savings accounts following a 50 basis point repo rate cut by the Reserve Bank of India (RBI) in June 2025. The cumulative rate cut for this year...