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Economy

India GDP growth to slow to 6.1% in CY24 from 7.7% in CY23: Moody’s Analytics

The Asian Development Bank raised India’s GDP growth forecast for FY25 to 7%, from 6.7% earlier, lifted by robust public and private investments and a strong services sector. Last month, Fitch Ratings also raised India’s growth forecast for FY25 to 7% from 6.5%.

2 min read12 Apr 2024
Industry

‘LVB bond write-down negative for holders, positive for depositors’

Moody’s Investors Service said that this event marks the first time that an Indian bank has written down Basel III tier 2 securitiesThe write-down of Basel III compliant securities is consistent with the approach regulators use globally to minimize the cost of a bank bailout to taxpayers, it added

2 min read2 Dec 2020

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