Rating agency

Indian banks face $37 billion hit from top 50 stressed assets: CRISIL

Indian banks face $37 billion hit from top 50 stressed assets: CRISIL

Indian banks may have to write off 60 percent of the value of bad loans from their 50 large stressed asset accounts, or a hit of 2.4 trillion rupees ($37.31 billion), ratings agency CRISIL said on Wednesday.

Jul 19, 2017, 16:58 PM IST

Fitch affirms PFC rating at BBB- on strong govt support

Fitch Ratings has affirmed Power Finance Corporation (PFC) rating at BBB- and maintained a stable outlook due to strong government support and its healthy financial performance.

Jun 02, 2017, 16:27 PM IST

IDBI Bank crafts turnaround plan; to focus on NPA recoveries

Hit by weak profitability and deteriorating asset quality, state-run IDBI Bank Thursday said it has formulated a turnaround strategy focusing on augmenting capital base and recovery from bad loans.

May 25, 2017, 18:19 PM IST

BRICS agree to set up credit rating agency

Five-nation group BRICS Sunday agreed to set up an independent rating agency based on market-oriented principles saying it would further strengthen global governance architecture.

Oct 16, 2016, 18:05 PM IST
 Kamath bats for BRICS rating agency, says Big 3 constraining growth in emerging nations

Kamath bats for BRICS rating agency, says Big 3 constraining growth in emerging nations

Batting for a new credit rating agency backed by BRICS group, New Development Bank president K V Kamath on Saturday said methodologies of the big three global agencies are constraining growth in emerging nations.

Oct 15, 2016, 19:01 PM IST
Urjit Patel as RBI Governor indicates policy continuity: Nomura

Urjit Patel as RBI Governor indicates policy continuity: Nomura

The appointment of Urjit Patel as the next RBI Governor signals government's preference for policy continuity and commitment to low inflation, says Japanese financial services major Nomura.

Aug 21, 2016, 21:06 PM IST
Rural inflation is higher than urban: Crisil

Rural inflation is higher than urban: Crisil

Rating agency Crisil on Monday said while urban inflation fell from 9 percent to 5.3 per cent, rural inflation declined from 10.1 per cent to 6.2 per cent in the last one year.

 

Jul 18, 2016, 14:00 PM IST
'Narendra Modi government's fiscal policy quite prudent; improving India's quality of growth'

'Narendra Modi government's fiscal policy quite prudent; improving India's quality of growth'

Rating agency Crisil has heaped praises on PM Narendra Modi-led government at the Centre.

Jul 12, 2016, 09:16 AM IST
Commodity prices, construction key for rural economy: Icra

Commodity prices, construction key for rural economy: Icra

While favourable monsoon will be vital for rural recovery, the trend in commodity prices and recovery in construction activities also hold equal importance, domestic rating agency Icra said.

Jul 10, 2016, 13:01 PM IST