Fitch’s downgrade of US sovereign debt to AA+ from AAA has echoed a similar move by S&P Global over a decade ago. The downgrade is attributed to projected fiscal deterioration, a significant and growing government debt burden, and governance erosion relative to ‘AA’ and ‘AAA-rated peers over the past two decades
Punjab & Sind Bank shares soar 12% as Q3 PAT jumps 147% YoY; NII surges by 27%
Punjab & Sind Bank posted a robust 74.73% YoY growth in operating profit, reaching Rs 484 crore in Q3 FY25, up from Rs 277 crore