New Delhi [India], March 11 (ANI): Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) of Union Bank of India at 'BBB-' and its outlook as 'Stable'.

analysts say The Reserve Bank of India's plan to buy 1.25 trillion rupees ($14.66 billion) of bonds in May will likely lower the cost of overnight interbank funds, effectively acting as a rate cut ...