ICRA has projected the year-on-year (YoY) GDP growth to reasonable to a six-quarter low of 6 per cent in Q1 (April-June) FY25, amidst a contraction in Authorities capital expenditure and a dip in city shopper confidence, whilst the worth of recent challenge bulletins plunged to ₹1.2 lakh crore in Q1FY25, the bottom value in any … Read more
Non-banking finance corporations (NBFCs) will seemingly see their gross stage-3 asset ratio or gross dangerous loans rising by 30-50 foundation factors (bps) within the present monetary yr, from 2.8 per cent in FY24, home score company ICRA mentioned in a webinar immediately. “Slower development and portfolio seasoning following the steep credit score enlargement within the … Read more
India’s web sugar manufacturing for the sugar season 2025 beginning October is projected to say no to 30 million tonnes (mt) from 32 mt within the earlier 12 months on expectations of upper diversion can be allowed to ethanol, ICRA mentioned. The rankings agency estimates that revenues of built-in sugar mills to increase by 10 … Read more
Home air passenger visitors, grew 5.1 per cent y-o-y, to an estimated 138.9 million in Might, and was considerably larger, by round 14 per cent than pre-Covid ranges, credit score scores company, Icra stated on Thursday. Additionally learn:Home air visitors up marginally in April Icra additionally stated, the outlook on the Indian aviation trade, is … Read more
Bigger banks could discover securitisation within the present monetary 12 months to unlock liquidity and help mortgage development within the backdrop of deposit development persevering with to lag credit score development. To date, non-banking finance firms, together with housing finance firms, small finance banks and a few small banks have tapped the securitisation route each … Read more
PNB Housing Finance, a house mortgage supplier targeted on the retail phase, on Monday stated it has secured credit standing upgrades thrice in a single quarter. This has been achieved within the simply ended fourth quarter of fiscal 2023-24. India Scores, ICRA and CARE Scores affirmed and upgraded the corporate’s scores to ‘AA+’ from ‘AA’ … Read more
The electrical two-wheeler car gross sales are nearing the a million mark with FY2023-2024 recording 8.51 lakh electrical two-wheeler registrations in India. Additionally learn: Two-wheeler stock degree drops in CY24 In line with Vahan knowledge, which tracks car registrations within the nation, in FY2022-2023, 7,25,297 electrical two-wheelers had been registered as in comparison with solely … Read more
ICRA has maintained the score of JM Monetary Merchandise at AA with a steady outlook factoring within the consolidated view of the JM Monetary Group, of which JM Monetary The score company, in a observe issued on Thursday, stated that each the Reserve Financial institution of India and the Securities and Change Board of India … Read more
On this podcast, businessline’s Shishir Sinha is joined by Aditi Nayar, Chief Economist, Funding Info and Credit score Ranking Company (ICRA), who gives a fast tackle the interim Finances. The dialogue revolves round essential facets such because the fiscal deficit, capital expenditure (capex), non-public sector funding, state capex, and high-frequency financial indicators. Nayar commends the … Read more
ICRA has revised its forecast of street awards by the Ministry of Street Transport and Highways (MoRTH) in FY24 to 7,000-7,500 km, a y-o-y decline of 40-43 per cent from its earlier estimate of 9,000-9,500 km. “In 7M FY24, street awards stood at 2,595 km, 48 per cent decrease than 5,007 km awarded in 7M … Read more