Icra Report

Rising input cost, crude shave off corporate margins by 220 bps, roiling Q2 earnings: Icra report

The corporate sector has reported a revenue growth of 23.9 percent for the September quarter over the same period last year, domestic rating agency Icra said on Monday, based on its analysis of 176 companies.

Bankers race to resolve Rs 3.8 trillion bad loans for around 70 accounts as 6-month RBI deadline ends today

Banks are trying to come up with a resolution plan for these accounts as going to NCLT will mean large haircuts.

Bankers rush to finalise plans to resolve problem of NPAs worth Rs 3.8 trillion ahead of RBI's 27 August deadline

The RBI circular asks banks to identify projects with even a day's default as stressed assets, and conclude resolution proceedings in 180 days.

NPA crisis: Public sector banks write off Rs 1.20 lakh crore in FY18, as against Rs 81,683 crore in FY17

This is a double whammy for the struggling PSBs as they had massive write-offs as well as huge losses in the last financial year

Gold jewellery demand may fall by 2-4% this year: Icra report

Demand for gold jewellery is likely to decline by 2-4 percent this calender year due to high prices and subdued financing environment, Icra report said.

Banks await Rs 15000-cr mark-to-market loss on surging bond yields: ICRA report

Continuing surge in the benchmark bond yields, which rose as much as 67 bps in Q3, will leave banks with a big hole in their treasury portfolios and result in mark-to-market (MTM) losses of Rs 15,500 crore for the December quarter alone, warns a Icra report