News & Credit Rating Announcements
30 November 2018 | Country: India | Bank: State Bank of India Group
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State Bank of India - Ratings Affirmed
Overview
Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed the Financial Strength Rating (FSR) of State Bank of India (SBI) at 'BB+' The Bank's strong liquidity, supported by a large low-cost customer deposit base, satisfactory gross income generation, dominant presence in the domestic market, demonstrated support from its majority shareholder, and the large capital increase in FY2018 are major supporting factors.
Attachments
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Credit Rating Announcement (CRA)
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Bank Rating Report (India, State Bank of India Group)
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