National - Current Affairs and GK

Q1:

What is the affirmed rating for State Bank of India (SBI) and Canara Bank by Fitch Ratings?

A AAA

B AA+

C BBB

D BBB-

ANS:D - BBB-

Fitch Ratings has reaffirmed the long-term issuer default rating (IDR) of "BBB-" for both State Bank of India (SBI) and Canara Bank, with a stable outlook. This rating reflects their adequate capacity to meet financial commitments, despite variations in risk appetite and loan growth patterns observed by Fitch.