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FPI flows into India to remain under pressure over near-to-medium term: Ind-Ra

The Ratings agency said that despite the accommodative global monetary policy stance and the central government’s efforts to alleviate uncertainty regarding the higher surcharge headwinds to FPI flows into India will continue.

Sep 05, 2019, 12:50 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

Jio's FTTH to expand broadband market, will help Airtel: Fitch

In its 42nd annual general meeting on Monday, Reliance Industries Ltd (RIL) announced the launch of its much-awaited Jio GigaFiber services. The Jio GigaFiber base plans will start at 100 Mbps, and can go up to 1 Gbps, with prices ranging from Rs 700 to Rs 10,000 depending on usage.

Aug 13, 2019, 16:01 PM IST

Budget advances economic reform, fiscal settings unchanged: Fitch

Fitch said that the extent and timing of any benefits from the budget measures to GDP growth will depend on policy details that are yet to be announced and on effective implementation.

Jul 10, 2019, 15:14 PM IST

Fitch Affirms Bharti Airtel at 'BBB-' with stable outlook

For stable outlook, it said that it expects recovery in Bharti Airtel's Indian mobile segment and continued growth in Africa and the enterprise segment.

Jun 21, 2019, 10:38 AM IST

Fitch cuts India growth forecast to 6.6% for 2019-20 fiscal

In its latest Global Economic Outlook, the global rating agency retained its GDP growth forecast for the next fiscal (2020-21) at 7.1 percent and 7.0 percent for 2021-22.

Jun 17, 2019, 17:58 PM IST

Fitch downgrade ICICI Bank, Axis Bank rating by a notch

Fitch said it took the rating action after lowering its midpoint for India's operating environment to 'bb+' from 'bbb-' following a review of the banking sector's performance, particularly in the last three years, the regulatory framework for the sector, and the outlook in the near term.

Jun 04, 2019, 10:25 AM IST

Fitch affirms long-term ratings of six banks at 'BBB-' with stable outlook

The agency also affirmed BBB- rating of Bank of Baroda (New Zealand), Canara Bank and Bank of India (BOI).

May 31, 2019, 11:00 AM IST

Fitch affirms India's rating at 'BBB-' with stable outlook for 13th year in row

This is the 13th year in a row that global rating agency Fitch has rated India at 'BBB-'. It had last upgraded India's sovereign rating from 'BB+' to 'BBB-' with a stable outlook on August 1, 2006.

Apr 04, 2019, 17:20 PM IST

Fitch cuts India growth forecast for FY20 to 6.8% on weak momentum

In its latest Global Economic Outlook, Fitch also slashed GDP growth forecast for current fiscal ending March 2019 to 6.9 percent from 7.2 percent projected in the December edition.

Mar 22, 2019, 12:27 PM IST

Fitch affirms PNB's Issuer Default Rating

Fitch said it expects credit costs to remain elevated, with ageing provisions adding to the burden.

Nov 28, 2018, 12:44 PM IST

Fitch revises Tata Motors outlook to negative

It affirmed the long-term issuer default rating of Tata Motors' at 'BB+'.

Sep 20, 2018, 18:26 PM IST

Fitch downgrades JLR outlook to negative; affirms BB+ ratings

The agency cited a likely increase in JLR's negative cash flow in the next two years due to the falling profitability and the risks from Brexit as it sells around 20 percent of its volumes in the EU markets.

Sep 14, 2018, 17:24 PM IST

Fitch lowers Axis' outlook to -ve,cuts ICICI's support ratings

The report also warns that adverse findings may create a "reputational risk", especially if they point at broader weaknesses in management.

Jun 15, 2018, 18:09 PM IST

Fitch ups India growth forecast to 7.4% for FY'19

For 2019-20, it estimated the country to grow at 7.5 percent.

Jun 13, 2018, 17:59 PM IST

Fitch downgrades viability ratings of SBI, BoB

The agency has also retained the stable outlook on these lenders.

Jun 13, 2018, 17:57 PM IST

India's growth to accelerate to 7.3% in FY19, says Fitch

Fitch, had last month kept India's sovereign rating unchanged for the 12th year in a row.

May 11, 2018, 18:09 PM IST

Fitch questions strength of corp governance at ICICI Bank

Late last month, the bank admitted that Kochhar did not recuse herself from a credit committee meeting which decided to give a Rs 3,250 crore loan to diversified Videocon Group in 2012.

Apr 09, 2018, 17:28 PM IST

Axis Bank's rating unaffected by not honouring guarantee: Fitch

The agency has a 'BBB-' rating with a stable outlook on the Shikha Sharma-led bank.

Mar 26, 2018, 15:18 PM IST

Indian economy on right track; after World Bank, now Fitch says India to have 7.3% growth rate in FY19

According to Fitch, the pick up in growth is likely as the influence of one-off policy-related factor which was dragging growth has now waned.

Mar 15, 2018, 10:52 AM IST