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Power sector likely to see pick-up in demand post Saubhagya launch, Icra says
Tue, Sep 26, 2017
Prime Minister Narendra Modi on Monday had launched "Saubhagya- Sahaj Bijli Har Ghar Yojna" on the ocassion of birth anniversary of Pandit Deendayal Upadhyaya.
Liquid mutual funds to be more favorable than savings account, Icra says
Thu, Aug 31, 2017
The savings account rate is at its lowest making it one of the most unfavorable financial instrument to park money. However, it can be an opportunity for other products to grow.
Hike in GST cess on larger passenger vehicles could derail demand momentum: ICRA
Wed, Aug 09, 2017
While the passenger vehicle market is expected to grow by a healthy 9-10% in India during FY18, the increase in the cess by the GST Council poses a challenge to this growth.
India's GDP to reach nearly 8% in four years: Moody's poll
Mon, Jul 31, 2017
"Given economic and institutional reforms in India, and further changes that could follow, India will likely grow faster than similarly rated peers over the next 12-18 months, despite a short-term drag caused by demonetisation," said Marie Diron, a Moody's Associate Managing Director.
GST could make your movie going experience cheaper
Thu, Jun 22, 2017
With GST coming in multiplexes will get a break primarily due to the input tax credit offered by the new tax regime and as a result could pass on the lower tax benefits to customers.
Banks would have to wait more before seeing revival in asset quality
Thu, Jun 08, 2017
NPAs are the primary issue in Indian banking system presently. A host of moves have been taken by RBI and government but these problems are far from over.
Now Fitch downgrades Reliance Communications, says default a 'real possibility'
Thu, Jun 01, 2017
After ICRA and Moody's, now Fitch Ratings downgraded Reliance Communications to CCC.
Moody's, ICRA downgrade RCom over debt concerns
Wed, May 31, 2017
RCom, controlled by billionaire Anil Ambani, has traditionally relied on short-term debt and covenant waivers from its banking relationships, but if these waivers are not received it could impact RCom`s $300 million bondholders "significantly", Moody`s said.
RBI unlikely to cut repo rate even as CPI inflation reaches to a series low
Mon, May 29, 2017
Urjit Patel governor of RBI along with Monetary Policy Committee (MPC) have kept the policy rate unchanged in last three meet followed by a neutral stance in the month of February 2017. This may continue in June bi-monthly monetary policy despite low CPI.
Strong rupee bodes well for India's masala bonds
Wed, May 03, 2017
“If the rupee remains stable at current levels or appreciates further, it would offer RDBs’ investors healthy returns and sustain their interest in participating in future issuances; and vise versa," as per ICRA.
CREDAI expects all states to implement realty law soon
Tue, May 02, 2017
CREDAI will hold workshops across the country to help its over 10,000 member developers prepare for compliance of provisions of the Real Estate (Regulation and Development) Act, 2016, its national President Jaxay Shah said.
Credit growth plunges to over 60 year low at 5% in FY17
Sun, Apr 16, 2017
For the year to March, banks' outstanding credit stood at Rs 78.81 trillion compared to Rs 75.01 trillion as of April 1 2016, show the central bank data.
Banks should transmit lower cost of funds to customers, experts say
Thu, Apr 06, 2017
The Reserve Bank of India (RBI) left its benchmark lending rate unchanged at 6.25% today for the third policy review in a row citing upside risk to inflation.
Despite bottom line pressure, FY17 to be the best for airlines
Mon, Mar 13, 2017
"Airlines are maintaining healthy load factors backed by low fares. But since oil prices are on an uptrend, impact on profitability in Q4 is inevitable as average ATF price during the quarter are 37.9% higher YoY, while the yields continue to remain under pressure," says an Icra report.
Two-wheeler sales to close FY17 with 7-8% growth: Report
Mon, Mar 13, 2017
The note ban-induced liquidity crisis has resulted in sales falling 11.3% between November and January. The conversion to BS-IV emission norms, which is coming into effect from April, also resulted in some inventory correction taking place across OEMs from February.
India's current account deficit to rise 50% in FY18, pegged at $30 billion
Thu, Mar 09, 2017
Higher oil and gold imports coupled with subdued remittances and exports is likely to strain India's current account and the deficit is projected to reach $30 billion (nearly Rs 2 lakh crore) in financial year 2018, ICRA said.
India's credit growth projected to remain weak in range of 5-6% in FY17: ICRA
Mon, Jan 30, 2017
ICRA has projected India's credit growth to remain at similar levels in the range of 5% to 6% in FY17 on the back of muted credit demand.
Budget 2017: ICRA expects government to keep fiscal deficit target of lower than 3.5% of GDP for FY18
Tue, Jan 24, 2017
As the Government of India prepares to announce its Union Budget 2017-18 in February, its unlikely to budget a fiscal deficit target higher than 3.5% of gross domestic product (GDP) for the fiscal year 2017-18 (FY18), said ICRA in its latest report on Budget 2017 expectations.
ICRA expects borrowers to switch from base rate to MCLR
Tue, Jan 17, 2017
In view of the increased differential of 100 basis points (bps) between base rate and the Marginal Cost of Funds based Lending Rate, the credit rating agency said, it "expects a number of borrowers to switch from base rate to MCLR".
Asset quality issue: Indian banks' profitability and capital requirement to remain under pressure, says Moody's
Mon, Jan 09, 2017
Alka Anbarasu, a Moody's Vice President said, "Asset quality will remain a negative driver of the credit profiles of most rated Indian banks and the stock of impaired loans. Non-performing loans (NPLs) and standard restructured loans will still rise during the horizon of our outlook."