India Ratings cuts FY23 GDP growth forecast to 6.9%
Ind-Ra's estimate shows that even if GDP grows at 7.6% every year after FY23, then also India would be able to catch up with pre-pandemic trend growth only by FY35.
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Small NBFCs could witness sharp increase in funding costs: Ind-Ra
A large quantum of borrowings to be raised by large NBFCs would lead to a further increase in the banks' exposure to the sector.
India Ratings cuts FY23 GDP forecast to 7-7.2%
The rating agency lowered India's GDP growth forecast due to the Russia-Ukraine war.
Second wave takes the wind out of India’s GDP sails
International rating agencies, brokerages, and economists have slashed their projections on India’s economic growth. The RBI said the duration of the second wave is the biggest risk to the outlook.
Can we instill trust in the ratings industry?
The controversy surrounding target rating points (TRPs) brings to the forefront the age-old question about how India’s ratings agencies need a new trust mechanism in order to be taken seriously.
Turbulence for NBFCs is far from over
India Ratings maintains a ‘negative’ outlook on the NBFC sector for FY21 in view of slower balance sheet growth, elevated slippages, and low-profit visibility.
Competition for deposits to intensify in banking
Credit growth outpaces deposit growth—an indication of rising competition, says Ind-Ra; five PSBs exiting RBI’s Prompt Corrective Action framework will add fuel to it as they will look for growth
Ind-Ra pegs India’s GDP growth at 7.5% in FY20
The ratings agency estimates 7.2% growth rate for FY19; global headwinds curb growth in the current financial year, it says.
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.
