Page 15 - Crisil Report

Over half of Indian firms 'vulnerable' on wage payments, says Crisil

Ashu Suyash, the MD and CEO of the agency, said it has done an analysis of 40,000 companies having a collective wage bill of Rs 12 trillion, which revealed the grim situation.

Liquidity cover for NBFCs not much affected in April and May: Report

In a stress case, where collections are nil and there is no moratorium on liabilities, the proportion of companies with low liquidity could go up to 25%

Strong balance sheets may help maintain car makers credit quality: Crisil

As one of the many fallouts of the coronavirus pandemic on automobile industry, pre-owned vehicles and new small PVs may find increased preference in FY21

Bank credit growth in FY21 to hit multi-decade low of 0-1%: CRISIL

Prior to the disruption caused by covid-19, bank credit was already slower than normal in FY20 due to subdued economic activity and risk averseness of the lenders

Agri sector may not be hit by lockdown; likely to grow 2.5% in FY21: Crisil

The government has announced MSP hike for 14 kharif crops, assuring farmers 50-83 per cent returns on their cost of production

FMCG sector's revenue to de-grow 2-3% in FY21, says CRISIL Ratings

The assessment is based on an analysis of 57 CRISIL-rated FMCG companies that account for approximately 50% of the sector's revenues

CRISIL to CARE, agencies peg India's economic growth at 4-4.7% in FY20

The first Advance Estimates, released in January for the purpose of Budget preparations, pegged the economic growth rate at 5 per cent in 2019-20.

Container vessel idling at 1-yr high as Covid-19 pandemic sinks sailing

The highest sailing cancellation since the Covid-19 outbreak was in February, registering a spike of 105 cancellations across Trans-Pacific, Asia-Europe, and the Mediterranean trades.

Lockdown extension beyond May can lower growth to zero, says CRISIL

The sharp deceleration in growth and increased income uncertainty is certain to pull demand down, it says

Crisil revises ratings outlook on Hindalco to stable from positive

Debt-funded Aleris purchase, likely moderation in operating profits amid Covid-19 could push up debt/EBITDA ratio

Crisil revises rating outlook on Vedanta Ltd to negative from stable

Delay in debt refinancing of Vedanta Resources, higher-than-expected dividends by Vedanta Limited seen as key rating sensitivity factors

NBFCs to use RBI's liquidity boost to focus on refinancing debt obligations

On Friday, the Reserve Bank of India (RBI) came up with policy measures to ensure there is enough liquidity in the system

Non-bank lenders defying caution, growing riskier unsecured loans: Report

The troubled non-bank lenders' segment is "defying caution" and growing the riskier unsecured loans portfolio at a pace of 25 per cent in the current fiscal, a report said on Thursday. A rising propensity for personal loans and attractive risk-adjusted returns are the possible reasons driving the non-banking finance companies (NBFC) to grow on such loans, domestic rating agency Crisil said. The going has been very difficult for the NBFC segment since the crisis at infra-focused lender IL&FS in September 2018, with liquidity getting scarce and the economy slowing down. Crisil said the growth in the unsecured books at 25 per cent is four times that of the decadal lows in overall assets under management, which are set to clock a 6-8 per cent growth in FY2020. It is, however, lower than the compounded annual growth rate of 30 per cent in unsecured loans clocked for the fiscal fiscal years till FY2019, it said. Since the IL&FS crisis, the major factors that hit the non banks ...

Credit growth may rise to 8-9% in FY21 on better economic activity: Crisil

During this fiscal, some growth momentum is expected in the fourth quarter, after subdued three quarters due to traditional fiscal year ending growth

Sales of two and three-wheeler EVs to see huge improvement by 2024: Crisil

In the four wheeler segment, however, the traction is expected to remain low with EV sales accounting for just 5 per cent of the new sales, it noted

Stress in wholesale book of NBFCs to rise further, says CRISIL report

About 30 per cent of the realty book of NBFCs has come out moratorium while 40 per cent of the exposure is still under moratorium

Iron ore prices are set to rise 30-40% after Odisha auctions: Crisil

The hike in iron ore prices in the aftermath of auctions will hinge on the auction premiums

Revival in production and exports buoys seafood firms: CRISIL SME Tracker

CRISIL Research expects the industry to grow 5-7 per cent year-on-year, compared with 6-7 per cent in the last fiscal year

The global easing cycle

India will need interventions to protect financial stability

Crisil to buy Stamford-based Greenwich Associates, deal likely early 2020

Greenwich is a leading provider of proprietary benchmarking data, analytics and qualitative, actionable insights that help financial services firms measure and improve business performance