Fitch Ratings says Indian banks are well placed to shift to the expected credit loss provisioning framework that begins April 1, 2027. Fitch expects sufficient capitalisation, though common equity tier 1 may dip slightly. Banks can use a four-year transition period as initial provisions run higher than forecast, which Fitch links to a positive outlook.
Micron Technology shares surged to an intraday record and are nearing a $700 billion market cap, powered by a new 245TB SSD launch and strong AI-driven demand for memory chips. Fitch Ratings also upgraded Micron’s credit, pointing to improving financials and better revenue visibility. Investors are watching whether the AI storage boom can push the stock to a new milestone.
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