Page 18 - Crisil

Crisil elevates Amish Mehta as MD & CEO; to replace Ashu Suyash

S&P-owned domestic rating firm Crisil on Thursday announced elevation of Amish Mehta as the new Managing Director and Chief Executive Officer with effect from October 1 in place of Ashu Suyash. Suyash has decided to step down to set up her own venture, the company said in a statement, adding that the change is in line with an announcement to this effect by the company board in July 2021. Mehta has more than two decades of leadership experience across industries and joined Crisil in October 2014 as President and Chief Financial Officer. In July 2017, he was elevated as the President and Chief Operating Officer, responsible for the global analytical centre, India research and SME, the global innovation and excellence hub and corporate strategy. As the Chief Operating Officer, he led its acquisitions and change agenda while creating a growth path for the businesses managed. Mehta is a chartered accountant and was the CFO of Indus Towers prior to joining Crisil. Before that he was ...

Asset monetisation plan hinges critically on road assets, says Crisil

The success of the Centre's recently announced national monetisation pipeline (NMP) plan hinges critically on road assets, rating agency Crisil said on Monday.

Onion prices likely to remain at higher trajectory this festive season

The onion prices are expected to remain at a higher trajectory during October-November, as erratic monsoon may lead to an eventual delay in harvest, according to a report by Crisil Research

Capex growth by states to be slower than target for FY22: CRISIL

CRISIL expected an 11-13 per cent rise in capex by these states in line with the previous financial year

CRISIL upgrades YES Bank's tier II bonds, infrastructure bonds to 'BBB+'

The rating agency also revised the rating for bank's certificates of deposit (CD) from "A2+" to "A1"

Steel industry to rebound strongly but MSMEs may trail: CRISIL SME Tracker

MSMEs, which account for 90-95 per cent of re-rollers, were hit harder by the pandemic

Pvt airport operators to spend Rs 42,000 cr on capacity expansion: Crisil

Private airport operators are expected to spend around Rs 42,000 crore on capacity expansion over the five years through fiscal 2026 as they are confident of air traffic growth in the long term

Pent-up demand to push auto dealer volumes up by 10-15% in FY22: CRISIL

Festive season sales and pent-up demand along with new launches are expected to push automobile dealers' volumes up by 10-15 per cent in FY22, even as they see a patchy recovery this fiscal: CRISIL

Barely 1% of investment-grade firms keen on RBI's loan recast 2.0: Crisil

Of those inclined to seek restructuring, 95% are sub-investment grade; Crisil qualified views by saying these are preliminary readings from its survey

Discom losses to be 40% above pre-pandemic levels: Crisil

Cash losses of power distribution companies (discoms) will remain elevated at around Rs 46,000 crore this fiscal or 40 per cent higher than the Rs 33,000 crore seen in the pre-pandemic levels of fiscal 2020, Crisil Ratings has said.This is because revenues will remain constrained as demand from high-paying, commercial and industrial (C & I) consumers have been lower than seen during pre-pandemic period, while tariff hikes have been inadequate.Costs are also likely to surge primarily because of higher interest burden because of ballooning debt. A study of 34 state discoms (from 15 states) which account for over 80 per cent of India's power demand shows as much.The nationwide lockdowns imposed in the first half of the last fiscal brought C & I activities to a standstill and evaporated an estimated quarter of demand from high-paying C & I consumers for the full fiscal 2021 as compared to fiscal 2020.Ankit Hakhu, Director of Crisil Ratings, said while industrial demand will ...

Auto loan firms hope for better after suffering in rural India's Covid pain

NBFCs and banks reported a rise in loan defaults when the pandemic's second wave hit the hinterland

As businesses set up online modes, cash flows become less prone to turmoil

Non-banking financial companies have been also reworking their collection process since the onset of the pandemic by increasingly adopting electronic modes

ESG factors now part of lending decision by top banks globally: Crisil CEO

ESG will play an even bigger role in decision making both on the issue side as well as the investor side in the longer-term, says Ashu Suyash

Borrowing cost up 1.2-1.5% for small finance cos despite liquidity: Crisil

The second Covid-19 wave has likely intensified the pressure points

Stressed steel plants acquired via IBC seeing faster turnaround: CRISIL

The steel plants acquired via IBC process include Bhushan Steel, Essar Steel, Electrosteel Steels, Monnet Ispat & Energy Ltd and Bhushan Power & Steel

Securitised pool collection ratios dip during second Covid wave: Crisil

Rating agency Crisil Ratings Wednesday said collection ratios in securitised pools have seen a dip during the second wave of the Covid-19 pandemic.

Crisil chief Ashu Suyash to quit after 6 yrs at helm; to start new venture

Amish Mehta to take over as new CEO on October

KNR Constructions gains 5% as CRISIL revises rating outlook to positive

CRISIL Ratings revised its outlook on the long-term bank facilities of the company to 'Positive' from 'Stable' and reaffirmed the rating at 'CRISIL AA-'

Liquidity buffer of NBFCs has improved over last year, says Crisil

But the pace of improvement in collection efficiency, the third of the wave of the pandemic, and access to funds need to be closely monitored, rating agency says

Fund Pick: Why Aditya Birla Sun Life Corporate Bond Fund is a winner

The month-end assets under management of the fund rose to Rs 24,669 crore in May 2021 from Rs 15,654 crore in June 2018.