Fall of SBI Is Good Example for Other Banks
October 17th, 2011 | Posted in Uncategorized | Comments OffThe recent downgrade of State Bank of India by Moody’s Investor Service has evoked strong reactions from the markets and policymakers. While predictably the stock markets tanked, a section of the policymakers and bankers has questioned the credentials of the agencies and the rating process. On October 4, Moody’s — one of the big three [...]
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