OREANDA-NEWS. Fitch Ratings has affirmed the Long-Term Issuer Default Ratings on nine Indian banks as follows:

- State Bank of India (SBI), Bank of Baroda, Bank of Baroda (New Zealand) Limited (BoB NZ), Punjab National Bank (PNB), Canara Bank, IDBI Bank Ltd., ICICI Bank Ltd. and Axis Bank Ltd. have been affirmed at 'BBB-'
- Indian Bank has been affirmed at 'BB+'

The Outlook on the IDRs is Stable.