Pnb Ratings Downgrade News

Companies

Moody’s downgrades PNB on impact of Nirav Modi fraud

Moody's downgraded Punjab National Bank's rating by a notch to rating to Ba1/NP from Baa3/P-3, due to impact on the lender's profitability following the Nirav Modi fraud case

2 min read21 May 2018
Industry

PNB fraud: Moody’s places bank under review for downgrade

Punjab National Bank overall has a Baa2 rating with a stable outlook now from Moody's

2 min read20 Feb 2018

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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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