Fitch downgrades Punjab National Bank
Q. As per the Fitch Ratings released on 1st Sep’15, which of the following banks has been downgraded by one notch to 'bb' to reflect the growing risk to the bank's capital position from its mounting stressed assets?- Published on 08 Sep 15
a. Indian Bank
b. Canara Bank
c. Axis Bank
d. Punjab National Bank
ANSWER: Punjab National Bank
Rating agency Fitch Ratings downgraded PNB's Viability Rating by one notch to 'bb' on the growing risk to the bank's capital position from a mounting stock of stressed assets.