ICRA sees NPAs jumping to 5.9% by March from 4.4% in FY15
The banking sector is likely to end the current fiscal with increased gross non-performing assets (NPAs) at 5.3-5.9 percent, primarily due to the withdrawal of the regulatory forbearance on restructured advances by the Reserve Bank from this April, ratings agency Icra said Wednesday.
Aug 26, 2015, 21:24 PM IST
LCV sales to remain subdued during current fiscal: ICRA
Medium and heavy truck segment is likely to grow by up to 14 percent in the ongoing fiscal, while light commercial vehicle sales would remain subdued, rating agency ICRA said on Wednesday.
Aug 26, 2015, 20:23 PM IST
More rate cuts needed for banks to lower lending rates: ICRA
Rating agency ICRA Friday said concerns on inflation are ebbing and the Reserve Bank should slash the key rates at the forthcoming policy meet for better transmission of its moves by lenders.
Jul 24, 2015, 19:54 PM IST
ICRA reappoints Naresh Takkar and MD & CEO
ICRA Ltd has reappointed Naresh Takkar as its Managing Director and Chief Executive Officer for a period of five years.
Jul 02, 2015, 15:01 PM IST
Hotel industry to see modest 6% growth in FY16: ICRA
The revenue growth for the industry is expected to remain weak in the first half of 2015 with a growth rate of just 3 to 4 per cent and operating margins are likely to be flat, it said.
Jun 30, 2015, 19:26 PM IST
'Passenger vehicles' domestic volumes may grow 5-7% in FY16'
The domestic passenger vehicle (PV) industry's volumes are likely to grow by up to 7 percent this financial year, riding mainly on first-time buyers, according to a report by ICRA.
Jun 24, 2015, 19:27 PM IST
ICRA pulls out services from Indonesia
Rating agency ICRA Ltd Monday said it has withdrawn its services from Indonesia in the wake of significant challenges in the current environment in the country.
Jun 15, 2015, 17:44 PM IST
Investor interest high in REITs but tax hurdles persist: ICRA
Even as the government's policy measures have bolstered investor interest in real estate investment trusts (REITs), lack of clarity on the tax structure remains a matter of concern, ICRA said Tuesday.
Jun 09, 2015, 20:50 PM IST
ICRA sees NPAs soaring by up to 1.50% to 5.9% this fiscal
Domestic rating agency ICRA today said gross NPAs in the system may jump up to 5.9 percent this fiscal from 4.4 percent despite economic growth because of lagged recognition of bad assets which is resulting in slippage of more restructured accounts into dud loans.
Jun 08, 2015, 22:36 PM IST
New urea policy will help bridge demand-supply gap, says ICRA
The government's gas pooling and the new comprehensive urea policy are positives for the overall fertiliser industry and will help in bridging the demand-supply gap, rating agency ICRA said in a report.
Jun 02, 2015, 20:52 PM IST
Economy to grow 7.6-7.8%; below-normal monsoon risk exists: ICRA
Rating agency ICRA on Tuesday said the Indian economy will grow in the range of 7.6-7.8 percent in the current fiscal, despite the headwinds posed by muted global growth and an unfavourable monsoon outlook.
May 26, 2015, 21:13 PM IST
ICRA head comes in place of Roopa Kudva in RBI panel
Rating agency ICRA's chief Naresh Takkar has replaced former Crisil MD Roopa Kudva as a member of the External Advisory Committee of RBI that evaluates applications for payment bank licences.
May 25, 2015, 21:58 PM IST
ICRA expects NPAs to cross 5% in FY16
ICRA expects economic growth to improve modestly to 7.6-7.8% in 2015-16 from 7.3% in 2014-15.
May 13, 2015, 18:16 PM IST
Construction sector may revive with easing of project funding
"The construction sector is likely to get a major boost from the government's focus on development of infrastructure in India," ICRA Senior VP Rohit Inamdar said in a statement.
Apr 21, 2015, 20:38 PM IST
Maruti eyes another strong year post record sales in FY 2015
Auto industry expects car sales to grow around 6-8 percent in 2015-16.
Apr 02, 2015, 17:47 PM IST
Mercedes-Benz India posts 40% increase in sales in Jan-Mar quarter
Sales new generation cars and SUVs contributed significantly to sales.
Apr 02, 2015, 17:45 PM IST
Slow car sales growth in March, Maruti posts record sales in FY15
Car sales reflected the slow recovery in Indian automobile market.
Apr 01, 2015, 18:43 PM IST
Car sales growth to accelerate to 7% in FY16: Icra
The expansion will be largely driven by an improvement in customer sentiment.
Mar 21, 2015, 08:52 AM IST
MUDRA Bank can be positive for microfinance sector: ICRA
With Non Banking Finance Companies- Microfinance Institutions (NBFC-MFIs) likely to have overall debt of Rs 360 billion to Rs 420 billion by March 2016, re-finance from MUDRA Bank could constitute a major portion of the overall debt of the MFIs, according to rating agency ICRA.
Mar 06, 2015, 14:30 PM IST
2-wheeler industry to grow 8-9% in FY15; 1-2% next fiscal: ICRA
It will be driven by increasing penetration of scooters even as the larger segment of motorcycles continues to post modest growth supported mainly by replacement demand, ICRA said in its report.
Feb 26, 2015, 18:20 PM IST
