Fitch Downgrades PNB’s Viability Rating
Pedestrians walk past a Punjab National Bank (PNB) branch in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Fitch Downgrades PNB’s Viability Rating

Fitch Ratings cut Punjab National Bank Ltd.’s viability rating—a measure of its intrinsic creditworthiness—saying the more than Rs 13,000-crore fraud at India’s second-largest public sector lender ...
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