Page 24 - Crisil

CRISIL downgrades ratings for SpiceJet to 'B' as business takes hit

Puts ratings for three airports "under watch negative"

Coronavirus impact: Banks seeks RBI's nod to offer relief to borrowers

Moratorium on loans should be offered, say CFOs

Covid-19 to cripple economy: CRISIL cuts FY21 India growth forecast to 5.2%

However, the late Thursday evening forecast from CRISIL is much higher than those from some other analysts

YES Bank plans to raise Rs 20,000 crore through certificate of deposits

CRISIL has assigned 'A2' rating to the programme

BofA, CRISIL cut India growth forecast amid coronavirus outbreak

Crisil had earlier forecast the GDP printing in a 5.7 per cent expansion

Covid-19 pandemic can deal MSMEs a serious blow: CRISIL SME Tracker

The World Health Organisation has declared Covid-19 a pandemic, as more than 114 countries have reported cases of the affliction. This has material implications for the global economy

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 ...

Gross credit offtake may see a 200-300 bps rise in FY21, says CRISIL

Bank loans to corporate houses, excluding bank loans to NBFCs, is expected to remain subdued in FY20

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

CRISIL downgrades PNB Housing Finance's deposits rating to 'AA+' from 'AAA'

PNB Housing's fund-raising ability has remained intact over the last 6-9 months and it is continuing to maintain high on-balance liquidity.

Coronavirus outbreak: Rs 16,000-crore solar projects face threat

Over 3 GW of solar power projects, awarded in 2018-19, will face delay in commissioning

RBI manna for MSME sector can spur demand, says CRISIL SME Tracker

The benefit would be available to MSME loans that were in default but "standard" as on January 1, 2019

Profit margins of dairy companies set to improve this year, says CRISIL

The report estimates revenue growth at 12-13 per cent for FY20 and 13-14 per cent for FY21, as compared to 12 per cent for FY19

Dec quarter shows much-needed improvement in asset quality for PSU banks

Slippages ratio for FY20 pegged at 3.5 per cent a tad lower than previous year's 3.7 per cent, but MSMEs, agri and retail are segments that could see fresh stress

CRISIL downgrades Indiabulls Housing Finance's rating on fund access

The rating on the CP issue and short-term non-convertible debenture programme has been reaffirmed at 'A1+'

Pharma industry poised to beat FY19 exports despite strict US regulations

April-December exports rise 11.5%; estimates peg FY20 numbers at $22 billion

Budget measures unlikely to meet growth targets in FY21: Crisil report

Despite tight fiscal conditions, the budget makes room for higher capex

Crisil upgrades Jindal Steel NCD ratings to BBB positive as plant restarts

Upgrade reflects improvement in JSPL's business risk profile over medium term

FMCG recovery likely in 2020; Nielsen, CRISIL predict double-digit growth

According to Nielsen's estimates, India's Rs 4 trillion FMCG market is expected to grow by 10% in calendar year 2020 (CY20)

CRISIL SME Tracker: Small EPC contractors stuck in the realty rut

Over the past three years, the real estate industry has been affected by regulatory changes such as the Goods and Services Tax, Real Estate Regulatory Act, and the thrust on affordable housing