As per the Fitch Ratings released on 1st Sep’15, which of the following banks has been downgraded by one notch to 'bb' to reflect the growing risk to the bank's capital position from its mounting stressed assets?


a. Indian Bank

b. Canara Bank

c. Axis Bank

d. Punjab National Bank













 

ANSWER: Punjab National Bank


Explanation:

Rating agency Fitch Ratings downgraded PNB's Viability Rating by one notch to 'bb' on the growing risk to the bank's capital position from a mounting stock of stressed assets.


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