The credit quality pressure on India Inc is likely to persist in H2FY21, with downgrades outnumbering upgrades, according to the rating agency
AIFs are sophisticated investment vehicles for the wealthy
Living up to its moniker of a defensive bet, the Rs 2.8 trn Indian pharmaceutical sector is set to emerge more or less unscathed from the Covid-19 pandemic this fiscal, CRISIL said on Thursday.
Exports and domestic formulations account for an almost equal share in the Rs 2.8-trillion domestic pharma sector, CRISIL said
Crude steel production fell a lower 27 percent on-year despite a massive 38 percent decline in domestic demand between April and August
RBI's loan restructuring will soften the blow on reported GNPAs but the underlying challenges will continue
Non-banking financial companies (NBFCs) are likely to see up to 250 basis points (bps) increase in their delinquencies in the current fiscal, says a report
The number of new store additions is expected to reduce to almost a third of the average between fiscals 2017 and 2020, it said
According to CRISIL Ratings, collections for pools of microfinance and commercial vehicle loan receivables (which had seen the sharpest drop after the lockdown), clawed back above 50 per cent in July
Attributes it to Covid-19 cases and lack of stimulus from govt
Crisil said it studied its rated portfolio of more than 8,500 companies after sorting them by rating, sector and moratorium availed
Collection ratio for loans in microfinance, commercial vehicle and mortgage space had fallen to near-zero in many pools in April 2020
Rs 47,000 crore raise by private banks in two months may be just adequate to meet the provisioning costs
The data collection process is being carried out by CRISIL
The average debt size of these companies in CRISIL's rated portfolio, excluding outliers, is around Rs 25-30 crore
Most companies that availed loan moratoriums have sub-investment grade ratings and were facing challenges before the onset of the pandemic itself due to slowing economic growth, CRISIL said
Ind-Ra said the multi-notch upgrade and the resolution of rating watch evolving reflect a significant improvement in Yes Bank's profile and operating metrics post its reconstruction in March
YES Bank's total deposits increased to Rs 1.17 trillion (including CD) as on June 30 from Rs 1.05 trillion as on March 31
After CRISIL downgrades company debt, bankers ask GVK group to come out with repayment plan
It says a 30 per cent decline in sales volume, on an already weak base, would lead to a nearly six-fold increase in net loss this financial year