Anchor rating to vary for Tier II India bank capital: Fitch

29 Aug 2013

The high level of state ownership and RBI’s flexibility to review the PONV trigger on a case-by-case basis, means extraordinary support may be factored into the ratings of Basel III Tier II securities.

Indian banks with high systemic importance may receive extraordinary support from the Reserve Bank of India (RBI) in a situation of systemic stress, and so the anchor ratings for these banks – decided on a case by case basis – will be the higher of their viability rating ...

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