1. For which bank India Ratings and Research gave a negative outlook due to challenges arising out of stressed assets and weak capital position?
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By: guest on 01 Jun 2017 11.12 pm
India Ratings and Research downgraded State-run IDBI Bank to AA from AA+ and gave a negative outlook due to challenges arising out of stressed assets and weak capital position.The downgrade in the long-term issuer rating reflects the consistent drop in IDBI's share of systemic assets as the bank struggles with its asset quality challenges," the rating agency said in a note.