Moody’s stabilizes Indian bank view

Moody’s said it affirmed its ratings on nine Indian banks and changed their outlook to stable from negative. The revisions follow the affirmation and change in outlook on India on Tuesday.

The banks are Axis Bank Ltd., Bank of Baroda, Canara Bank, Export-Import Bank of India, HDFC Bank Ltd., Icici Bank Ltd., Punjab National Bank, State Bank of India and Union Bank of India.

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