{"id":5888,"date":"2025-08-17T15:10:56","date_gmt":"2025-08-17T15:10:56","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/08\/17\/sp-global-upgrades-ratings-of-10-indian-financial-institutions-including-sbi-hdfc-bank-economy-news\/"},"modified":"2025-08-17T15:10:56","modified_gmt":"2025-08-17T15:10:56","slug":"sp-global-upgrades-ratings-of-10-indian-financial-institutions-including-sbi-hdfc-bank-economy-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/08\/17\/sp-global-upgrades-ratings-of-10-indian-financial-institutions-including-sbi-hdfc-bank-economy-news\/","title":{"rendered":"S&P Global Upgrades Ratings Of 10 Indian Financial Institutions, Including SBI, HDFC Bank | Economy News"},"content":{"rendered":"


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S&P raises long-term credit ratings on SBI, ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, Union Bank of India, Indian Bank, Bajaj Finance, Tata Capital, and L&T Finance.<\/h2>\n
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S&P says it expects India’s banks to maintain adequate asset quality, good profitability, and enhanced capitalisation over the next 12-24 months.<\/p>\n<\/figure>\n

S&P Global Ratings on Friday upgraded the ratings of India\u2019s 10 financial institutions, including State Bank of India, HDFC Bank, and Tata Capital, after it raised the country\u2019s sovereign credit rating.<\/p>\n

\u201cIndia\u2019s financial institutions will continue to ride the country\u2019s good economic growth momentum. These entities will benefit from their domestic focus and structural improvements in the system such as in the recovery of bad loans,” S&P said.<\/p>\n

The US-based agency raised long-term issuer credit ratings on seven Indian banks \u2014 SBI, ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, Union Bank of India, and Indian Bank \u2014 and three finance companies \u2014 Bajaj Finance, Tata Capital, and L&T Finance.<\/p>\n

\u201cWe expect India\u2019s banks to maintain adequate asset quality, good profitability, and enhanced capitalisation over the next 12-24 months. This is despite some pockets of stress,” S&P noted, adding that overall credit risk in the financial system has eased.<\/p>\n

On August 14, the agency had upgraded India\u2019s sovereign rating to \u2018BBB\u2019 after more than 18 years, citing strong economic fundamentals that are likely to support growth in the next two to three years. It also pointed out that monetary policy has become \u201cincreasingly conducive to managing inflationary expectations”.<\/p>\n

S&P highlighted that ratings of several Indian financial institutions remain capped by the sovereign rating, given the \u201cdirect and indirect influence that the sovereign has on financial institutions operating in the country”.<\/p>\n

The agency also credited the Insolvency and Bankruptcy Code (IBC), introduced in 2016, for strengthening the payment culture and rule of law. \u201cThe code has tilted the balance in favour of the creditors. It has also promoted a credit culture that encourages restructuring of going-concern entities,” it said.<\/p>\n

Separately, S&P had raised credit ratings of major state-run and private corporations, including ONGC, Power Grid Corporation of India, NTPC, and Tata Power, to \u2018BBB\u2019 from \u2018BBB-\u2018. The outlooks were marked stable. India Exim Bank and Indian Railway Finance Corporation (IRFC) also received upgrades to \u2018BBB\u2019 from \u2018BBB-\u2018.<\/p>\n

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Mohammad Haris<\/a><\/p>\n

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

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Last Updated:August 17, 2025, 09:26 IST S&P raises long-term credit ratings on SBI, ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, Union Bank of India, Indian Bank, Bajaj Finance, Tata Capital, and L&T Finance. S&P says it expects India’s banks to maintain adequate asset quality, good profitability, and enhanced capitalisation over the next 12-24…<\/p>\n","protected":false},"author":1,"featured_media":906,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-5888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/5888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=5888"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/5888\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/906"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=5888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=5888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=5888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}