India Ratings

Govt reassures state banks it is ready to provide capital support; coronavirus pandemic may lead to surge in bad loans

The government may need to make a provision of at least Rs 20,000-25,000 crore ($5.90 billion) for capital infusion in state-run banks

Yes Bank crisis: Ind-Ra revises rating watch on troubled private lender to 'evolving' from negative

Yes Bank on Thursday said that India Ratings and Research (Ind-Ra) has revised rating watch on the bank's long-term issuer rating of 'IND BB-' to rating watch evolving (RWE) from rating watch negative (RWN)

Raising sizeable capital could be challenging for Yes Bank, says India Ratings; lender in discussions with potential investors

India Ratings (Ind-Ra) has maintained RWN on the Basel III tier-2 bonds of Rs 11,000 crore, additional Basel tier-1 bonds of Rs 11,100 crore and infrastructure bonds of Rs 3,580 crore

GDP to grow by 5.5% in FY21 on demand revival, strong policy push but downside risks persist: India Ratings

India's growth rate is expected to be marginally higher at 5.5 percent in 2020-21 against the estimated 5 percent for the current fiscal on the back of strong policy push coupled with a revival in demand, a report said

GDP growth slows to six-quarter low at 4.7% in Q2; economy likely to grow at 5.6% in FY20: India Ratings

Indian economy may have slowed for the sixth consecutive quarter in July-September to 4.7 percent, Fitch group firm India Ratings and Research said on Tuesday, as it lowered GDP growth forecast for current fiscal for the fourth time

DHFL crisis set to linger on as forensic audit points to massive fund diversion; banks unlikely to lend to crippled firm

DHFL had sought a Rs 15,000-crore lifeline from the lenders as they finalise the resolution plan, which may also include picking up 51 percent equity in the company by converting their debt into equity

Credit growth at banks falls to lowest level in nearly two years as slowing consumption weighs on demand: RBI report

Lending growth by banks had nearly halved to 8.8 percent at the end-September from the start of the year.

FPI flows to remain under pressure despite tax surcharge reversal, benign monetary policy: India Ratings

Foreign funds flow into India is expected to remain under pressure over the near-to-medium term despite the government rolling back tax surcharge on FPIs and benign global monetary policy stance, said India Ratings on Wednesday

Economic growth seen slipping in April-June on weak consumer demand, private investment; more stimulus expected: Poll

In spite of a windfall dividend to the government of nearly $21 billion from the central bank, the room for aggressive stimulus is limited due to slower growth in tax receipts, analysts say.

Slowdown in consumption: India Ratings cut GDP forecast to 6.7% for current fiscal from earlier estimate of 7.3%

India Ratings on Wednesday lowered the country's growth forecast to six-year low of 6.7 percent for the current fiscal from an earlier estimate of 7.3 percent on account of slowdown in consumption and moderation in industrial growth among other factors