India Ratings cuts 2019-20 GDP growth forecast to 5.6% from earlier estimate of 6.1%
India Ratings and Research (Ind-Ra) has revised its 2019-20 India GDP growth forecast downwards to 5.6 per cent from an earlier estimate of 6.1 per cent. The agency in a report also said new projections suggest that that GDP growth in the second quarter (2Q) of the current fiscal is likely to be 4.7 per cent.
Nov 26, 2019, 19:42 PM IST
Merger of 10 Public Sector banks, governance reforms may improve performance of PSBs: Ind-Ra
The rating agency said that though the proposed amalgamations may face hiccups in short term, the governance reforms are a step in the right direction to improve the overall functioning of PSBs.
Sep 04, 2019, 14:35 PM IST
Ind-Ra downgrades PNB's Rs 67.5-billion AT1 bonds
However, the rating agency has affirmed the bank's overall long-term issuer rating at AA+ and the short-term issuer rating at A1+.
Jun 19, 2019, 10:49 AM IST
India Ratings downgrades Yes Bank
Icra downgraded the ratings on its six instruments totalling borrowings over Rs 33,000 crore by the lender.
May 09, 2019, 10:03 AM IST
Government meddling in RBI could undermine India's financial stability: S&P Global
S&P`s lead global sovereign analyst said last week that India`s 7 percent annual growth would be enough to keep the Indian government`s investment grade BBB- rating stable.
Dec 17, 2018, 14:24 PM IST
NPA provisions for banks may stay elevated till FY20: Report
Banks will continue with credit costs or provisions of up to 3 percent for both the ongoing fiscal as well as the one after, according to the rating agency.
Sep 17, 2018, 14:17 PM IST
Indian economy coming out of twin shock of DeMo and GST: IndRa
The ratings agency, however, cautioned on the possible widening of the current account deficit (CAD) due to rising oil prices which was creating pressure on the currency.
May 09, 2018, 17:32 PM IST
GDP to grow at 7.1% in 2018-19: India Ratings
Credit-rating body India Ratings has estimated that the GDP will grow in 2018-19 at 7.1% .
Jan 19, 2018, 09:35 AM IST
Recapitalisation plan positive for banks' ratings: Fitch
The lending growth is still likely to remain weak, at least in the short term, as banks will prioritise asset resolution and provisioning over expansion, Fitch said.
Oct 26, 2017, 11:20 AM IST
11 states may see Rs 9,500 crore revenue loss this year under GST
Even though as a whole states' revenue may clip past at a CAGR of 16.6 percent in FY18 over FY16 under the GST, 11 of them may need an additional Rs 9,500 crore compensation from the Centre this year.
Aug 22, 2017, 22:41 PM IST
India Ratings maintains negative outlook on infra sector for FY18
Domestic rating agency India Ratings and Research (Ind-Ra) has maintained a negative outlook for the infrastructure sector for FY18, and today said the negative outlook on the three heavyweight sub-sectors, toll roads, thermal and wind ? continues to pull the overall sector outlook down.
Feb 21, 2017, 15:51 PM IST
Vodafone-Idea merger to boost margin; credit positive: Report
The proposed merger between Vodafone and Idea Cellular is a credit positive for the telecom sector and will push the combined entity's margins up by around 3 percentage points on cost synergies, India Ratings said today.
Feb 08, 2017, 21:18 PM IST
RBI to stay on hold until 2016-end, says Nomura
Reserve Bank is likely to hold the pause button until the end of this year, largely owing to inflationary pressures, a Nomura report has said.
Apr 06, 2016, 17:28 PM IST
Reliance Jio to make FY17 tough for telcos, say rating agencies
The imminent entry of Reliance Jio has led domestic rating agencies Crisil and India Ratings to cut their outlook on the telecom sector by a notch, saying the Mukesh Ambani-led company will squeeze the market shares and margins of existing players.
Mar 13, 2016, 13:06 PM IST
India's Q3 GDP growth projected at 7.6%
The country is expected to grow by by 7.6 percent in the October-December quarter of the current fiscal -- the fastest pace of expansion in five quarters -- India Ratings and Research (Ind-Ra) said on Friday.
Feb 05, 2016, 15:16 PM IST
Banks impaired asset ratio to rise to 12.5% by FY17: Ind-Ra
Stressed assets in the banking system is likely to rise to 12.5 percent by the next fiscal against an estimated 12 percent in the current financial year, India Ratings said today.
Feb 01, 2016, 22:47 PM IST
Ind-Ra lowers FY16 GDP growth forecast to 7.5% on poor rains
The rating agency had earlier forecast a GDP growth of 7.7 percent.
Oct 30, 2015, 21:14 PM IST
India remains less exposed to external risks: Moody's
"India is less exposed to global risks because of its more resilient economic growth and the impact of positive policy reforms momentum," the rating agency said.
Oct 22, 2015, 12:07 PM IST
Top 500 cos over-leveraged, recovery still away: Ind-Ra
Although credit metrics of the largest listed corporates have shown signs of improvement, a full recovery is still some time away, says a report.
Oct 14, 2015, 22:12 PM IST
FPI framework to alleviate 'hot money' outflows issues: Report
The new framework on foreign portfolio investment limits in government bonds will deepen the market and also reduce 'hot money' outflow concerns in case of resurgence of global volatility, according to a report.
Oct 12, 2015, 19:39 PM IST
