Rating agency CRISIL has downgraded ratings for the Jammu and Kashmir Bank's fixed deposits from 'AA' from 'AA-'
Outlook for the agency's ratings and research businesses is turning out to be better
CRISIL has revised its outlook on the long-term bank facilities of the company to Negative from Stable
The critical factor for growth will be how the monsoon plays out. Assuming a normal monsoon, Crisil estimates that growth could touch 7.9% in 2016-17
In 2015-16, rural core inflation was 6.7% compared with 4.8% in urban
The report said that unlike China, the current growth in India is not supported by rampant credit creation
The initiatives of government, if relentlessly implemented, will do more to raise India's trend rather than cyclical growth seen now
Bonds carry guarantees from state government
The stock rallied 11% to Rs 2,197 on the BSE after ratings agency reported 40% YoY jump in its consolidated net profit at Rs 78.60 crore in March quarter.
Total income during quarter under review rose by 16.45% at Rs 259.23 crore, as compared to Rs 222.61 crore in previous year