{"id":2984,"date":"2018-04-20T23:59:33","date_gmt":"2018-04-20T18:29:33","guid":{"rendered":"http:\/\/yourcareerheights.com\/?post_type=news&#038;p=2984"},"modified":"2018-04-20T23:59:33","modified_gmt":"2018-04-20T18:29:33","slug":"despite-weak-results-for-2017-18-no-downgrades-of-banks-sp","status":"publish","type":"news","link":"https:\/\/yourcareerheights.com\/?news=despite-weak-results-for-2017-18-no-downgrades-of-banks-sp","title":{"rendered":"Despite weak results for 2017-18, no downgrades of banks: S&#038;P"},"content":{"rendered":"<h3 class=\"ltext\">Rating agency says RBI moves will only lower the burden<\/h3>\n<div class=\"bldateline\">\n<p class=\"blupper\">MUMBAI, APRIL 20<\/p>\n<\/div>\n<div id=\"content-body-22285694-23619460\">\n<p>Global rating agency Standard and Poor\u2019s (S&amp;P) on Thursday said ratings for Indian banks are likely to be weak for 2017-18, owing to recent changes made by the Reserve Bank of India (RBI) for recognition of restructured assets.<\/p>\n<p>\u201cThe central bank\u2019s recently announced change to the recognition of restructured loans will probably foster early recognition and higher provisions across the banking sector,\u201d said S&amp;P, adding that other announcements, such as smoothing provisioning for mark-to-market losses on investments over four quarters, will temper but not offset the immediate burden from strained performances.<\/p>\n<p>Its comments come at a time when most banks have begun to announce their results for the quarter ended March 31 as well as for the full financial year 2017-18. For full report please click on the following link:<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.thehindubusinessline.com\/money-and-banking\/banks-likely-to-post-weak-results-in-fy18-says-sp\/article23619460.ece?homepage=true\" target=\"_blank\" rel=\"noopener\">Despite weak results for 2017-18, no downgrades of banks: S&amp;P<\/a><\/p>\n <!-- AdSense Now! Lite: WP is not in the loop.  -->\n","protected":false},"excerpt":{"rendered":"<p>Global rating agency Standard and Poor\u2019s (S&#038;P) on Thursday said ratings for Indian banks are likely to be weak for 2017-18, owing to recent changes made by the Reserve Bank of India (RBI) for recognition of restructured assets.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","tags":[421,40,420],"news-category":[27,300,315,419],"class_list":["post-2984","news","type-news","status-publish","hentry","tag-banks-rating","tag-rbi","tag-sp-rating-agency","news-category-banking","news-category-banks","news-category-rating-agencies","news-category-standards-poor"],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/news\/2984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/news"}],"about":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2984"}],"version-history":[{"count":0,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/news\/2984\/revisions"}],"wp:attachment":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2984"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2984"},{"taxonomy":"news-category","embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fnews-category&post=2984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}