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CFO Optimism
The confidence level of chief financial officers over the overall financial and macro-economic conditions in the country reached an all-time low for the October-December quarter, says a report. According to the Dun and Bradstreet Composite CFO Optimism Index report based on the survey of over 350 respondents, the confidence in financial and macro-economic conditions has declined. The Dun & Bradstreet Composite CFO Optimism Index showed a decline of 8.4 per cent on a year-on-year basis to 98.1 during Q4 2020, bringing the Index to a record low. The index has, however, registered an increase of 32.1 per cent on a quarter-on-quarter basis and the risk perception still remains high amongst respondents. As per the report, the pace of contraction in GDP has slowed down considerably during Q2 FY21. "Economic activities are firming up. The GDP is expected to register a modest positive growth in Q3 FY21 or Q4 2020," the report said. The survey further noted that the share of respondents ..
The liquidity crisis at non-bank lenders and higher interest rates seem to have rattled chief financial officers (CFOs) of India Inc and resulted in their optimism to slip to a 19-quarter low. Business information company Dun & Bradstreet polled 300 CFOs across all sectors to judge their optimism about financial health of their companies, business risk environment and macroeconomic scenario in the country. The composite CFO optimism index declined 17 percent in the last quarter of the year compared to the same period last year to 90.2, which is lowest in 19 quarters, it said. Over 72 percent of CFOs polled said they expect availability of funds to decline or remain the same, the highest level in 27 quarters, the agency's managing director Manish Sinha. The survey was carried out in September when the crisis at NBFCs was at its peak. "This timing had an impact on CFO optimism levels, along with some other factors: cost and availability of funds and liquidity position