Manushree Saggar, Sector Head - Financial Sector Ratings, ICRA said the profitability for the SFBs to remain under pressure in H2 FY2025
The downside risks could materialise if energy prices rise significantly, given ongoing geopolitical risks, cautioned the rating agency
In recent years, fintech and banks have started to dig for credit information from publicly available data and use analytics to create a credit profile
Amid multiple headwinds and weak macroeconomic and microeconomic conditions, a sustained easing of banking system liquidity is necessary, the agency added
Margin pressures, sluggish loan offtake may weigh on performance
Assam asks MFIs to identify borrowers to get balance payments
Some technical factors, such as net product taxes and the GDP deflator, have also disrupted GDP's trajectory
Lenders slam brakes on disbursals amid rising stress
Secured loans are prime assets; investors selective about segments with quality pressures
Guarantees for overseas units nosedived to $568.9 million in November 2024, compared with $2.78 billion a year ago and $1.35 billion in October 2024, RBI data showed
According to senior public sector bank executives, all the mobile phone numbers are white-labelled for call centres, and compliances are in place as far as large commercial banks are concerned
Lower interest rates, robust economic conditions to bolster near-term asset quality
The pace of the country's economic growth moderated sharply in the second quarter ended September 2024
However, the GLP grew by 8.5 per cent year-on-year (Y-o-Y) to Rs 4.08 trillion in September 2024, up from Rs 3.76 trillion in September 2023
Deposit rates may start easing
An FCNR (B) account lets customers maintain a fixed deposit in India in freely convertible foreign currencies for a tenure ranging from one to five years
Consumer confidence dips marginally
Proposed term loan to reduce refinancing risk
Current regulatory norms permit only credit and debit transactions to render an account operational.
Mutual fund (MF) debt exposure to NBFCs, which includes commercial papers (CPs) and corporate debt, has now remained above Rs 2 trillion for more than half a year