New Delhi, Oct 28: Global credit rating agency Standard & Poor's (S&P) retained the ratings of major Indian banks and financial institutions like SBI, ICICI Bank, IDBI and Bank of Baroda in terms of their outlook on foreign currency ratings. The local currency ratings have also been retained for eight nationalised banks, S&P said in a communique from Singapore.
The eight banks whose ratings have been affirmed at 'BBpi' level are Bank of India, Canara Bank, Corporation Bank, Oriental Bank of Commerce, Central Bank of India, Indian Overseas Bank, Punjab National Bank and Union Bank of India. Bureau Report