S&P Global Ratings forecast rate cuts of up to 75 basis points (100 basis points is equal to 1 percentage point) in India by its central bank in the financial year 2024-25.
According to the global rating agency, the key risks in the Chinese economy are weakness in its property market and consumption, which it argues could lead to lower growth.
According to S&P Global Ratings, these actions include a substantial increase in risk weights on unsecured personal loans, credit cards, and loans to nonbank finance companies (NBFCs), aiming to curb riskier lending practices and bolster overall financial stability.
Calling him the most popular leader in the world, Minister of State for Electronics and Information Technology Rajeev Chandrasekhar said PM Modi's stature as a global leader has grown while his respect among the world leaders has enhanced after the recent conclusion of the G20 Summit.
S&P Global Ratings on Monday cut India's economic growth forecast for the current fiscal year ending March to 7 per cent as against 7.3 per cent projected earlier.
Mumbai [India], January 26 (ANI): Global ratings agency Standard and Poor's (S&P) has upgraded the outlook on Axis Bank from 'stable' to 'positive' citing an improvement in asset quality of the private sector lender.
Singapore, Sep 2 (ANI): S&P Global Ratings has said Singapore Telecommunications Ltd's credit metrics may be further strained should it subscribe to the rights issue of Bharti Airtel Ltd.