Page 28 - Icra

Power demand in India expected to grow 6% for FY22 on YoY basis: Icra

It has also estimated power generation capacity addition at 17- 18 GW for the ongoing fiscal year.

Non-bank financial entities' restructured loans to rise 3.3% by March: ICRA

Covid-19 and lockdowns to slow down its spread have affected the cash flow of borrowers, says agency

Securitisation volumes for NBFCs, HFCs surged to Rs 17,500 cr in Q1: Icra

Securitisation is the process of pooling and repackaging homogenous illiquid financial assets into marketable securities that can be sold to investors.

Securitisation volumes more than double Q1 despite pandemic: Icra

This happened despite the second Covid-19 wave; ratings agency estimates securitisation volumes for FY2022 at more than Rs 1.2 trillion

Overdue loans could spike fresh slippages in H1 of FY22, says Icra

However, restructuring and enhanced funding of Rs 1.5 trillion under government guaranteed credit scheme could provide some relief for lenders

Icra cuts cement, road logistic growth outlook for FY22 due to second wave

Cement volumetric growth seen declining by 10%, road logistics at 6%

ICRA expects 12-14 pc growth for two-wheeler sales this fiscal

Ratings agency ICRA on Thursday maintained its growth forecast for two-wheeler sales at 12-14 per cent for the ongoing fiscal

Second Covid wave derailed hospitality industry recovery: ICRA

The industry was impacted in the first quarter of the ongoing fiscal after two quarters of sequential recovery witnessed in the third and fourth quarter of the previous fiscal

NBFC disbursement to dip by 50-60% in Q1FY22, bad loans set to rise: Icra

However, the sector is expected to post a healthy revival in the latter part of the year

Rise in auto fuels consumption to absorb cuts in cess, says ICRA

ICRA projects the year-on-year (YoY) growth in the consumption of petrol or motor spirit (MS) and high-speed diesel (HSD) in FY2022 at 14 per cent and 10 per cent

Covered bond issuances increase to Rs 2,200 cr in FY21: ICRA report

Domestic covered bond issuances have witnessed a sharp increase to about Rs 2,220 crore in FY2021 as against the issuances of Rs 400 crore seen in the preceding fiscal, said a report by ICRA Ratings. These bonds have been issued so far by non-banking financial corporations (NBFCs), nine in FY2021 compared to two in FY2020. "The covered bonds have seen improved acceptance in the Indian market mainly in H2 FY2021 as it provides a 'dual recourse' benefit to the investor, i.e. the repayment obligation has to be met by the entity and in case of failure to do so, by a pool of assets assigned to a trust," the rating agency said. It said that given the uncertainty on collections due to the pandemic, the protection available to an investor of a covered bond improves when compared with the conventional securitisation of the pool of assets. The domestic market for covered bonds is still in the nascent stages with the first issuance seen in FY2019. This structured product, however, has been a

Covid second wave to result in 25% reduced cement offtake in Q1FY22: ICRA

With most states imposing lockdowns due to the spread of Covid-19 infections to rural regions,

Covid-19 pandemic impact: ICRA downgrades ratings for two MFIs

The rating action factors in the significant increase in delinquencies and the pressure on profitability and growth in light of the Covid-19 pandemic

Room for domestic steel price hike paves way for Rs 76,500 cr investments

Indian steel still quotes at a 20-25% markdown in global prices

Gas distribution volumes hit by Covid-driven lockdowns, says ICRA

The city gas distribution (CGD) sector's domestic gas volumes declined by 12 per cent month-on-month

Financial creditors can realise Rs 60,000 crore through IBC: ICRA

The second wave of Covid-19 could again delay resolutions and increase haircuts

Lenders can realise Rs 55,000-60,000 crore from IBC cases in FY22

Large housing finance company resolution seen as key drive; second wave could cause delays and increase haircuts

Second wave of Covid-19 to increase bad debts of NBFCs, HFCs: ICRA

According to the rating agency, 25-30 per cent of collections done by NBFCs and HFCs happen through field visits and largely via cash

Second Covid wave to push up NPAs for NBFCs, impact collections: Icra

ICRA said NBFCs reported NPAs to increase to about 4.5-5 per cent by March 2022

NPAs of NBFCs, HFCs may rise to 4.5-5% by March 2022, says Icra

Restrictions in movements imposed by various states are likely to impact collections of NBFCs and HFCs, which may see NPAs rising to 4.5-5 per cent by March 2022, says a report