🇮🇳Business News Headlines
Economic Times
Ø Kia India turns Profitable within two years
Ø ILFS on track for 62% Recovery, says Uday Kotak
Ø FM Nirmala Sitharaman asks Transport, Petroleum, Steel Ministries to front Load capex spending
Ø SoftBank leads $93 Mn investment in NFT gaming firm The Sandbox
Ø IOC to pump in Rs 3,681 Cr for Panipat facility
Ø PNB Housing Finance Q2 results: Net profit slumps to Rs 235 Crore
Ø GE Power India Q2 results: Net Profit up 5% to Rs 39 Cr
Ø IFC plans to step up annual allocation for India to $3 billion
Ø Jeff Bezos pledges $2 Billion to fight climate change
Ø Jupiter in talks for $100-Million funding, valuation may double
Business Standard
Ø Sell Bad debts early, let ARCs take part in IBC: RBI committee
Ø JSPL reports consolidated net profit of Rs 2,584 Crore for Sept quarter
Ø Bharti Airtel clocks Rs 1,134-Cr consolidated net profit, beats estimates
Ø Tata Consultancy Services to be new title Sponsor for Jaguar Formula E Team
Ø CRISIL withdraws SpiceJet rating; firm in non-cooperating category
Ø Sun Pharma Q2 net up 13% at Rs 2,047 Cr, firm launches 28 products in qtr
Ø Unacademy buys top K-10 online tuition platform Swiflearn for unknown sum
Ø Moody's upgrades Lodha group's Macrotech Developers to B3; Outlook Positive
Ø Logistics startup Delhivery files DRHP with Sebi for Rs 7,460 Cr issue
Ø Finance ministry floats four-tier plan for PSB Staff accountability
Ø Banks lend Rs 63,574 Crore to 1.38 Mn borrowers via Outreach Programme
Financial Express
Ø Bank of India Q2 PAT rises 99.9% on lower provisions, higher other income
Ø Sundaram Finance further invests €2 million into Portfolio company Mind Srl
Ø Ola reports first-ever Operating profit of Rs 90 Cr in FY21
Ø India poised to grow electronics manufacturing to $300 Bn in 3-4 years: Rajeev Chandrasekhar
Ø Hiring activity in India grows by 43% annually in Oct; strong demand for tech professionals : Report
Ø Flipkart partners with Ministry of Rural Development to get women businesses into E-commerce fold
Ø BSE joins hand with HDFC Bank to promote startup, SME listing
Ø Floating Rate Bond yields rise as RBI increases supply
Ø Coal will continue to feed growing energy need of India for next five decades: Experts
Ø Samvat 2077: Nifty registers its highest-ever returns in last 12 Years
Mint
Ø PM Modi asks developed nations to pledge $1 Trn for Climate Financing
Ø White House rolls out new plan to combat gun suicides in US
Ø Tata Power to seek shareholders nod not to merge Tata Power Solar Systems
Ø Ford taps Non-IT professionals to broaden its AI expertise
Ø Yahoo pulls out of China, ending tumultuous two-decade relationship
Ø EaseMyTrip net profit surges over 300% to ₹27.13 Crore
Ø CBDT rolls out e-settlement scheme for small taxpayers
Ø DuPont to buy Rogers for $5.2 Billion, divest part of mobility unit
Ø Major edible oil players cut Wholesale prices by ₹4-7 a litre
Ø CCI approves HDFC Life's Acquisition of Exide Life
Economic Times
Ø Kia India turns Profitable within two years
Ø ILFS on track for 62% Recovery, says Uday Kotak
Ø FM Nirmala Sitharaman asks Transport, Petroleum, Steel Ministries to front Load capex spending
Ø SoftBank leads $93 Mn investment in NFT gaming firm The Sandbox
Ø IOC to pump in Rs 3,681 Cr for Panipat facility
Ø PNB Housing Finance Q2 results: Net profit slumps to Rs 235 Crore
Ø GE Power India Q2 results: Net Profit up 5% to Rs 39 Cr
Ø IFC plans to step up annual allocation for India to $3 billion
Ø Jeff Bezos pledges $2 Billion to fight climate change
Ø Jupiter in talks for $100-Million funding, valuation may double
Business Standard
Ø Sell Bad debts early, let ARCs take part in IBC: RBI committee
Ø JSPL reports consolidated net profit of Rs 2,584 Crore for Sept quarter
Ø Bharti Airtel clocks Rs 1,134-Cr consolidated net profit, beats estimates
Ø Tata Consultancy Services to be new title Sponsor for Jaguar Formula E Team
Ø CRISIL withdraws SpiceJet rating; firm in non-cooperating category
Ø Sun Pharma Q2 net up 13% at Rs 2,047 Cr, firm launches 28 products in qtr
Ø Unacademy buys top K-10 online tuition platform Swiflearn for unknown sum
Ø Moody's upgrades Lodha group's Macrotech Developers to B3; Outlook Positive
Ø Logistics startup Delhivery files DRHP with Sebi for Rs 7,460 Cr issue
Ø Finance ministry floats four-tier plan for PSB Staff accountability
Ø Banks lend Rs 63,574 Crore to 1.38 Mn borrowers via Outreach Programme
Financial Express
Ø Bank of India Q2 PAT rises 99.9% on lower provisions, higher other income
Ø Sundaram Finance further invests €2 million into Portfolio company Mind Srl
Ø Ola reports first-ever Operating profit of Rs 90 Cr in FY21
Ø India poised to grow electronics manufacturing to $300 Bn in 3-4 years: Rajeev Chandrasekhar
Ø Hiring activity in India grows by 43% annually in Oct; strong demand for tech professionals : Report
Ø Flipkart partners with Ministry of Rural Development to get women businesses into E-commerce fold
Ø BSE joins hand with HDFC Bank to promote startup, SME listing
Ø Floating Rate Bond yields rise as RBI increases supply
Ø Coal will continue to feed growing energy need of India for next five decades: Experts
Ø Samvat 2077: Nifty registers its highest-ever returns in last 12 Years
Mint
Ø PM Modi asks developed nations to pledge $1 Trn for Climate Financing
Ø White House rolls out new plan to combat gun suicides in US
Ø Tata Power to seek shareholders nod not to merge Tata Power Solar Systems
Ø Ford taps Non-IT professionals to broaden its AI expertise
Ø Yahoo pulls out of China, ending tumultuous two-decade relationship
Ø EaseMyTrip net profit surges over 300% to ₹27.13 Crore
Ø CBDT rolls out e-settlement scheme for small taxpayers
Ø DuPont to buy Rogers for $5.2 Billion, divest part of mobility unit
Ø Major edible oil players cut Wholesale prices by ₹4-7 a litre
Ø CCI approves HDFC Life's Acquisition of Exide Life
🇮🇳Business News Headlines
Economic Times
Ø Winter Session of Parliament to begin on Nov 29
Ø Sebi mulls Market making mechanism for Corporate bonds
Ø Sugar Output up 24% at 21 lakh ton till Nov 15 this season; export contract at 25 lakh ton
Ø DIPAM targets to privatise BPCL, BEML and 4 others by end of current fiscal
Ø UBS revises India GDP forecast to 9.5% from 8.9% for FY22
Ø Vedanta mulls demerger of some businesses with separate listing & leadership
Ø BDL inks Export Contract worth USD 21 million with Airbus Defense & Space for CMDS
Ø Bank Credit grows at 7.14 pc, deposits at 11.42 pc: RBI
Ø NPCI takes UPI global, ties up with leading payments provider PPRO
Ø Rakesh Jhunjhunwala's Akasa Air signs $4.5 billion deal with engine maker CFM International
Ø Trifecta Capital raises Rs 750 crore in first close of third fund
Ø SalaryBox gets $4 Million in seed funding from Y Combinator, others
Ø GoKwik raises $15 million Series A from Sequoia, Matrix
Business Standard
Ø Domestic airlines look to revive zero bag fares in order to grow traffic
Ø FM urges India Inc to take risks, boost capacities to create more jobs
Ø Metals & Mining companies report record earnings in H1 of FY22
Ø India to pitch for permanent solution for food security in WTO meet
Ø 1.75 Million received Rs 76,012 crore loans during festival period
Ø Economists urge gradual consolidation, see fiscal deficit near 6% in FY23
Ø India needs to double capex in medium term to fund infra: DEA Secy
Ø Go Fashion IPO subscribed 2.5 times on Day-1 on strong retail interest
Ø Tarsons Products Rs 1.024 cr IPO subscribed 77x on institutional, HNI push
Ø India draws $1.93 bn fintech investment in Q3; tops APAC: S&P Global
Financial Express
Ø Cairn ropes in Baker Hughes to enhance recovery from Bhagyam oil-field
Ø Grofers plans to open 150 more dark stores by December for quick commerce
Ø RBI slaps Rs 10.5 lakh penalty on Shri Kanyaka Nagari Sahakari Bank, Chandrapur
Ø FHRAI urges govt to provide relief from price hike of LPG for hospitality industry
Ø India’s wearables market clocks 93.8% on-year growth in Q3, domestic brands major gainers: Report
Ø Tata Housing to invest around Rs 600 cr in Noida project
Ø Jio tops 4G chart in download speed; Airtel, Vi reduce gap in Oct: Trai data
Ø UK inflation surges to highest rate in nearly a decade
Ø India Inc mops up over Rs 1 lakh cr via IPOs in ’21
Mint
Ø Avail Finance acquires neobank, seeks approval to buy NBFC
Ø US urges major oil consumers to free up strategic reserves
Ø SAT allows PNB Housing Finance to withdraw appeal in Carlyle deal
Ø Cabinet nod to lay 32,152 km of rural roads for ₹33,822 Cr
Ø SAIL supplied 48,200 Tonnes of steel for Purvanchal Expressway
Ø ProcureNet Signs MOU with TK Medical to combat the global syringe shortage
Ø AI customer-service startup Netomi raises $30 Million
Ø K&L Wellness raises ₹30 Crore from angel investors
Ø ISRO Scientists discover star-planet Bigger than Jupiter
Ø Mahindra Finance launches Quiklyz, a car leasing and Subscription Business
Economic Times
Ø Winter Session of Parliament to begin on Nov 29
Ø Sebi mulls Market making mechanism for Corporate bonds
Ø Sugar Output up 24% at 21 lakh ton till Nov 15 this season; export contract at 25 lakh ton
Ø DIPAM targets to privatise BPCL, BEML and 4 others by end of current fiscal
Ø UBS revises India GDP forecast to 9.5% from 8.9% for FY22
Ø Vedanta mulls demerger of some businesses with separate listing & leadership
Ø BDL inks Export Contract worth USD 21 million with Airbus Defense & Space for CMDS
Ø Bank Credit grows at 7.14 pc, deposits at 11.42 pc: RBI
Ø NPCI takes UPI global, ties up with leading payments provider PPRO
Ø Rakesh Jhunjhunwala's Akasa Air signs $4.5 billion deal with engine maker CFM International
Ø Trifecta Capital raises Rs 750 crore in first close of third fund
Ø SalaryBox gets $4 Million in seed funding from Y Combinator, others
Ø GoKwik raises $15 million Series A from Sequoia, Matrix
Business Standard
Ø Domestic airlines look to revive zero bag fares in order to grow traffic
Ø FM urges India Inc to take risks, boost capacities to create more jobs
Ø Metals & Mining companies report record earnings in H1 of FY22
Ø India to pitch for permanent solution for food security in WTO meet
Ø 1.75 Million received Rs 76,012 crore loans during festival period
Ø Economists urge gradual consolidation, see fiscal deficit near 6% in FY23
Ø India needs to double capex in medium term to fund infra: DEA Secy
Ø Go Fashion IPO subscribed 2.5 times on Day-1 on strong retail interest
Ø Tarsons Products Rs 1.024 cr IPO subscribed 77x on institutional, HNI push
Ø India draws $1.93 bn fintech investment in Q3; tops APAC: S&P Global
Financial Express
Ø Cairn ropes in Baker Hughes to enhance recovery from Bhagyam oil-field
Ø Grofers plans to open 150 more dark stores by December for quick commerce
Ø RBI slaps Rs 10.5 lakh penalty on Shri Kanyaka Nagari Sahakari Bank, Chandrapur
Ø FHRAI urges govt to provide relief from price hike of LPG for hospitality industry
Ø India’s wearables market clocks 93.8% on-year growth in Q3, domestic brands major gainers: Report
Ø Tata Housing to invest around Rs 600 cr in Noida project
Ø Jio tops 4G chart in download speed; Airtel, Vi reduce gap in Oct: Trai data
Ø UK inflation surges to highest rate in nearly a decade
Ø India Inc mops up over Rs 1 lakh cr via IPOs in ’21
Mint
Ø Avail Finance acquires neobank, seeks approval to buy NBFC
Ø US urges major oil consumers to free up strategic reserves
Ø SAT allows PNB Housing Finance to withdraw appeal in Carlyle deal
Ø Cabinet nod to lay 32,152 km of rural roads for ₹33,822 Cr
Ø SAIL supplied 48,200 Tonnes of steel for Purvanchal Expressway
Ø ProcureNet Signs MOU with TK Medical to combat the global syringe shortage
Ø AI customer-service startup Netomi raises $30 Million
Ø K&L Wellness raises ₹30 Crore from angel investors
Ø ISRO Scientists discover star-planet Bigger than Jupiter
Ø Mahindra Finance launches Quiklyz, a car leasing and Subscription Business
🇮🇳Business News Headlines
Economic Times
Ø Govt allows Serum Institute to export 50 lakh Covishield doses under COVAX to four nations
Ø FPIs pump in Rs 19,712 Cr in Indian markets in Nov so far
Ø Kesoram Industries board gives nod to raise up to Rs 2,500 Cr
Ø Govt to exceed FY22 tax collection target, direct tax mop-up at Rs 6 lakh crore till Oct: Revenue Secretary
Ø Tata Technologies rebounds from pandemic lows, eyes about $500 mn revenue this fiscal
Ø Paytm says October GMV rose 131% to $11.2 Billion
Ø Vulnerability in PNB server exposed customer data for seven months: CyberX9
Ø Maruti to stay away from diesel segment; focus on making petrol cars more fuel efficient
Business Standard
Ø Chip shortage: Ola electric scooter deliveries delayed up to one month
Ø Suspension of international flights impacting airlines' financial: Vistara
Ø Tata Sons offers guarantee to lenders of telecom arm, will take up AGR dues
Ø MIDC inks 25 MoUs worth Rs 15,260 crore at Dubai World Expo 2020
Ø Record 1.54 Million additions to EPFO in September, shows data
Ø McLaren Technology plans to acquire major stake in Indian fintech firm
Ø Abu Dhabi's ADNOC weighs IPO of logistics and services unit next year
Ø Investors bet big on SIPs; inflows at Rs 67,000 cr in Apr-Oct FY22
Financial Express
Ø ECLGS: 64% of Rs 4.5 Lakh Crore credit guarantee scheme sanctioned to 1.25 crore MSMEs, others so far
Ø Finance ministry notifies 12 per cent GST rate on MMF, yarn, fabrics from January 1; corrects duty anomaly
Ø Enrolment rising steadily on e-Shram portal, 8.43 Crore registered till November 20
Ø SBI yet to refund Rs 164 crore undue fee charged from Jan Dhan account holders
Ø With rains receding, coal output up in October
Mint
Ø GoFirst sees revenue go up 53.6% in September Quarter
Ø Embedded value of LIC likely at $150 Billion
Ø PSUs lag behind pvt companies on ESG performance
Ø Fuel retailers may cut prices as crude slips on Covid fears
Ø Over 130 Crore COVID-19 Vaccine doses given to states/UTs so far
Ø IT Department detects ₹100 Crore tax evasion by Gujarat firm
Ø Saudi stock exchange seeks to raise up to $1 Billion in IPO
Ø Bounce to launch its first consumer electric scooter on 2 December
Ø Over 70,000 Indian Exporters gear up for Black Friday, Cyber Monday sale via Amazon
Economic Times
Ø Govt allows Serum Institute to export 50 lakh Covishield doses under COVAX to four nations
Ø FPIs pump in Rs 19,712 Cr in Indian markets in Nov so far
Ø Kesoram Industries board gives nod to raise up to Rs 2,500 Cr
Ø Govt to exceed FY22 tax collection target, direct tax mop-up at Rs 6 lakh crore till Oct: Revenue Secretary
Ø Tata Technologies rebounds from pandemic lows, eyes about $500 mn revenue this fiscal
Ø Paytm says October GMV rose 131% to $11.2 Billion
Ø Vulnerability in PNB server exposed customer data for seven months: CyberX9
Ø Maruti to stay away from diesel segment; focus on making petrol cars more fuel efficient
Business Standard
Ø Chip shortage: Ola electric scooter deliveries delayed up to one month
Ø Suspension of international flights impacting airlines' financial: Vistara
Ø Tata Sons offers guarantee to lenders of telecom arm, will take up AGR dues
Ø MIDC inks 25 MoUs worth Rs 15,260 crore at Dubai World Expo 2020
Ø Record 1.54 Million additions to EPFO in September, shows data
Ø McLaren Technology plans to acquire major stake in Indian fintech firm
Ø Abu Dhabi's ADNOC weighs IPO of logistics and services unit next year
Ø Investors bet big on SIPs; inflows at Rs 67,000 cr in Apr-Oct FY22
Financial Express
Ø ECLGS: 64% of Rs 4.5 Lakh Crore credit guarantee scheme sanctioned to 1.25 crore MSMEs, others so far
Ø Finance ministry notifies 12 per cent GST rate on MMF, yarn, fabrics from January 1; corrects duty anomaly
Ø Enrolment rising steadily on e-Shram portal, 8.43 Crore registered till November 20
Ø SBI yet to refund Rs 164 crore undue fee charged from Jan Dhan account holders
Ø With rains receding, coal output up in October
Mint
Ø GoFirst sees revenue go up 53.6% in September Quarter
Ø Embedded value of LIC likely at $150 Billion
Ø PSUs lag behind pvt companies on ESG performance
Ø Fuel retailers may cut prices as crude slips on Covid fears
Ø Over 130 Crore COVID-19 Vaccine doses given to states/UTs so far
Ø IT Department detects ₹100 Crore tax evasion by Gujarat firm
Ø Saudi stock exchange seeks to raise up to $1 Billion in IPO
Ø Bounce to launch its first consumer electric scooter on 2 December
Ø Over 70,000 Indian Exporters gear up for Black Friday, Cyber Monday sale via Amazon
🇮🇳Business News Headlines
Economic Times
Ø Expert Panel calls for efforts to link fintech firms, banks to step up support to MSMEs
Ø Biden to keep Powell as Fed chair, Brainard gets vice chair
Ø Jio loses over 19 Million mobile users in September: Trai
Ø Serum Institute gets nod to export vaccines to COVAX
Ø DLF Cyber City Developers raises Rs 1,000 crore via NCD issue
Ø Pharmacy retail chain MedPlus get SEBI nod to launch IPO
Ø Exports rise 18.8 pc to USD 20 bn so far in November
Ø Ericsson to buy cloud service company Vonage in $6.2B deal
Ø Zvolv raises $1.5 million in round led by JSW Ventures
Ø Sleepy Owl raises $6.5 million in Series A funding round
Business Standard
Ø Aramco deal collapse hits RIL shares, market cap loss at Rs 72,000 Cr
Ø Purplle.com closes $140 mn Series D round adding Premji Invest to cap table
Ø India's Q2 GDP likely to grow 8.1%, says SBI research report
Ø India, US set to revive Trade Policy Forum after four years
Ø 14 firms approach govt to settle retrospective taxation cases: Revenue Secy
Ø Petrol, diesel demand growth to halve due to CNG, ethanol, EV push: Crisil
Ø FY22 fiscal deficit may be better at 6.6% on stronger tax buoyancy: Fitch
Ø Go Fashion IPO subscribed 135 times on closing day despite Paytm fiasco
Ø Digital Transactions up 52% in festival season, says report
Ø NCLAT stays Competition Commission's Rs 200 Cr Penalty on Maruti Suzuki
Ø Salesken raises $22 million in funding from Microsoft, Sequoia
Ø Global leaders join unicorn Apna to build world's largest job platform
Financial Express
Ø Digital disbursement of loans jumped twelve-fold between 2017 and 2020: RBI panel report
Ø Coal mines auction: Govt devises plans to seek interests, participation of private sector
Ø Emission-reduction push seen to displace 30 MT Petrol sales by FY25
Ø SBI lists $650-mn green bonds on India INX, Luxembourg Stock Exchange
Ø Jesons Industries files draft IPO papers with Sebi; aims to raise to raise Rs 900 crore
Ø One in five withdrew funds from EPF accounts since Covid onset
Ø Odisha approves Rs 1.5L crore investment in six months, mulls amendment to IPR-2015
Mint
Ø Gender gap high among top corporate positions: MCA
Ø SpiceJet brings back 737 MAX aircraft after a gap of over 2 years
Ø Panel proposes to exempt govt, agencies from data protection law
Ø ShareChat parent in talks to raise $500 mn at $5 Bn value
Ø Govt encouraging EVs but will not stop registration of ICE vehicles: Gadkari
Ø EU considers booster doses of J&J's Covid-19 Vaccine
Ø Domestic air traffic grew by 27% to 8.99 mn fliers in Oct
Ø Unacademy sees over four-fold growth in FY21 revenue but losses also jump six-fold
Ø KKR makes $12 Billion bid to take Telecom Italia private
Ø EESL partners MSME ministry, UNIDO, GEF to deploy 35 energy-efficient tech
Ø Euler Motors raises $10 Million funding, to expand production
Ø Retail depositors of PMC Bank to be repaid in full over 10 years
Ø Fitch affirms SBI, PNB, BoB ratings at ‘BBB-’ with negative outlook
Economic Times
Ø Expert Panel calls for efforts to link fintech firms, banks to step up support to MSMEs
Ø Biden to keep Powell as Fed chair, Brainard gets vice chair
Ø Jio loses over 19 Million mobile users in September: Trai
Ø Serum Institute gets nod to export vaccines to COVAX
Ø DLF Cyber City Developers raises Rs 1,000 crore via NCD issue
Ø Pharmacy retail chain MedPlus get SEBI nod to launch IPO
Ø Exports rise 18.8 pc to USD 20 bn so far in November
Ø Ericsson to buy cloud service company Vonage in $6.2B deal
Ø Zvolv raises $1.5 million in round led by JSW Ventures
Ø Sleepy Owl raises $6.5 million in Series A funding round
Business Standard
Ø Aramco deal collapse hits RIL shares, market cap loss at Rs 72,000 Cr
Ø Purplle.com closes $140 mn Series D round adding Premji Invest to cap table
Ø India's Q2 GDP likely to grow 8.1%, says SBI research report
Ø India, US set to revive Trade Policy Forum after four years
Ø 14 firms approach govt to settle retrospective taxation cases: Revenue Secy
Ø Petrol, diesel demand growth to halve due to CNG, ethanol, EV push: Crisil
Ø FY22 fiscal deficit may be better at 6.6% on stronger tax buoyancy: Fitch
Ø Go Fashion IPO subscribed 135 times on closing day despite Paytm fiasco
Ø Digital Transactions up 52% in festival season, says report
Ø NCLAT stays Competition Commission's Rs 200 Cr Penalty on Maruti Suzuki
Ø Salesken raises $22 million in funding from Microsoft, Sequoia
Ø Global leaders join unicorn Apna to build world's largest job platform
Financial Express
Ø Digital disbursement of loans jumped twelve-fold between 2017 and 2020: RBI panel report
Ø Coal mines auction: Govt devises plans to seek interests, participation of private sector
Ø Emission-reduction push seen to displace 30 MT Petrol sales by FY25
Ø SBI lists $650-mn green bonds on India INX, Luxembourg Stock Exchange
Ø Jesons Industries files draft IPO papers with Sebi; aims to raise to raise Rs 900 crore
Ø One in five withdrew funds from EPF accounts since Covid onset
Ø Odisha approves Rs 1.5L crore investment in six months, mulls amendment to IPR-2015
Mint
Ø Gender gap high among top corporate positions: MCA
Ø SpiceJet brings back 737 MAX aircraft after a gap of over 2 years
Ø Panel proposes to exempt govt, agencies from data protection law
Ø ShareChat parent in talks to raise $500 mn at $5 Bn value
Ø Govt encouraging EVs but will not stop registration of ICE vehicles: Gadkari
Ø EU considers booster doses of J&J's Covid-19 Vaccine
Ø Domestic air traffic grew by 27% to 8.99 mn fliers in Oct
Ø Unacademy sees over four-fold growth in FY21 revenue but losses also jump six-fold
Ø KKR makes $12 Billion bid to take Telecom Italia private
Ø EESL partners MSME ministry, UNIDO, GEF to deploy 35 energy-efficient tech
Ø Euler Motors raises $10 Million funding, to expand production
Ø Retail depositors of PMC Bank to be repaid in full over 10 years
Ø Fitch affirms SBI, PNB, BoB ratings at ‘BBB-’ with negative outlook