Moody’s India downgrade is not unexpected: BofA Securities
While the rating agency downgraded India’s sovereign rating, BofA Securities’ economists see the present downturn as cyclical rather than structural; say fiscal stimulus is critical for recovery.
Short-term relief for NBFCs
The government’s partial credit guarantee on asset purchases does not address investors’ long-term concerns about the sector’s exposure to stressed real estate: Fitch Ratings.
Will an ARC solve PSU banks’ NPA problem?
The magnitude of stressed assets piled up with PSBs raises questions on the rationale and funding of such an ARC/AMC.
Spike in bond yields to hit banks’ profits in FY18
India Ratings study says the hit will be Rs 30,500 cr and public sector banks will account for the bulk of the amount.