Crisil downgrades 8 PSU Banks

Crisil downgrades 8 PSU Banks:

Bank of india - AA+(negative) from AAA/negative earlier

Central Bank of india - AA- (negative)from AA/negative earlier

Corporation Bank - AA/negative from AA+ /stable earlier

Dena Bank AA-/negative from AA+/negative earlier

Idbi bank - AA/negative from AA+/negative earlier

IOB - A+/negative from AA-/negative earlier

Syndicate bank - AA/negative from AA+/stable earlier

Uco bank - AA/negative from AA+/negative earlier

IMPACT:

This means these banks to offer higher interest on debt instruments like Bonds.


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