Profit

Other banks at risk after SBI downgrade

PUBLISHED ON: October 4, 2011 | Duration: 16 min, 29 sec

  
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Jagannathan Thunuguntla of SMC Global says D+ rating for SBI is not good for the confidence of markets. SBI is a large bank and its capital base is huge so if it cannot sustain this kind of pressure, it would be disastrous for smaller banks, he added.
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