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Banks’ improved NPA recovery, declined loan provisioning to continue in 2022: ICRA

Banks’ improved NPA recovery, declined loan provisioning to continue in 2022: ICRA

🕔17:12, 25.Dec 2021

New Delhi, Dec 25 (IANS) The recent improvement in recovery of the non-performing assets and decline in provisioning of loans in the banking sector are expected to improve further in the coming year, rating agency ICRA said. Accordingly, the improvement in

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Indian diagnostic business expected to grow 20-25% YoY in FY22: ICRA

Indian diagnostic business expected to grow 20-25% YoY in FY22: ICRA

🕔07:31, 20.Dec 2021

New Delhi, Dec 20 (IANS) A rise in Covid-19 and allied tests due to the pandemic, and specifically during the second wave, is expected to raise the diagnostic sector’s revenue growth by 20-25 per cent YoY in FY22, rating agency ICRA

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Ease in travel restrictions to raise airport infra sector’s profits: ICRA

Ease in travel restrictions to raise airport infra sector’s profits: ICRA

🕔09:46, 25.Nov 2021

New Delhi, Nov 25 (IANS) Ease in travel restrictions post the lockdown is expected to raise the airport infrastructure sector’s operating profits in FY22, ICRA said on Wednesday. However, the outlook for the sector continues to remain “negative”, the ratings agency

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ICRA revises India’s Q2FY22 GDP growth to 7.9%

ICRA revises India’s Q2FY22 GDP growth to 7.9%

🕔07:07, 19.Nov 2021

New Delhi, Nov 19 (IANS) Rating agency ICRA has revised India’s gross domestic product (GDP) for Q2 FY22 upward by 20 basis points to 7.9 per cent. Gross Value Added (GVA) for the quarter is expected to rise by 20 basis

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Domestic air passenger traffic accelerates in October: ICRA

Domestic air passenger traffic accelerates in October: ICRA

🕔07:37, 10.Nov 2021

New Delhi, Nov 10 (IANS) Lower Covid-19 infections, along with festive demand, boosted domestic air passenger traffic growth on both sequential as well as on year-on-year basis in October, ratings agency ICRA said. Domestic air passenger traffic grew by 24-25 per

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Economic recovery widened in Q2FY22 as Covid second wave abated : ICRA

Economic recovery widened in Q2FY22 as Covid second wave abated : ICRA

🕔09:58, 22.Oct 2021

New Delhi, Oct 21 (IANS) India’s economic recovery widened in Q2FY22 as the impact of Covid-19’s second wave abated, ratings agency ICRA said. In quarterly terms, half of the high frequency indicators recovered above their pre-Covid levels in Q2FY22, it said.

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Growth Stance: MPC to hold rates despite excess liquidity

Growth Stance: MPC to hold rates despite excess liquidity

🕔13:09, 6.Oct 2021

Mumbai, Oct 6 (IANS) The Reserve Bank of India will retain key lending rates as well as maintain the accommodative stance to support growth during the upcoming monetary policy review, say experts. On the other hand, the central bank might indicate

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ICRA revises India’s FY22 real GDP forecast upwards to 9%

ICRA revises India’s FY22 real GDP forecast upwards to 9%

🕔07:24, 28.Sep 2021

New Delhi, Sep 28  Ratings agency ICRA on Monday revised its real GDP growth forecast for India in FY2022 to 9 per cent from 8.5 per cent. The agency credited the upward revision in the GDP to the brightening prospects

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Continued unlocking accelerates economic recovery in July: ICRA

Continued unlocking accelerates economic recovery in July: ICRA

🕔16:18, 23.Aug 2021

New Delhi, Aug 23  Continued unlocking across the country has accelerated the improvement in various high frequency industrial and service sector indicators during July 2021, said ICRA. According to Aditi Nayar, Chief Economist, ICRA: “With the further easing of the

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Air passenger traffic recovery continued in July: ICRA

Air passenger traffic recovery continued in July: ICRA

🕔17:19, 5.Aug 2021

New Delhi, Aug 5 Domestic air passenger traffic sequentially grew by 56-57 per cent at around 48-49 lakh in July, ratings agency ICRA said. The domestic air passenger traffic stood at 31.1 lakh in June 2021. According to the ratings

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Gujarat discoms shine in MoP’s integrated ratings exercise

Gujarat discoms shine in MoP’s integrated ratings exercise

🕔07:51, 17.Jul 2021

New Delhi, July 17  Four power distribution utilities of Gujarat and one of Haryana have secured the top rating of A+ from credit rating agencies ICRA and CARE in the ninth round of the annual integrated ratings exercise instituted by

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Domestic air pax traffic expected to grow 41-42% sequentially

Domestic air pax traffic expected to grow 41-42% sequentially

🕔15:34, 6.Jul 2021

New Delhi, July 6  Domestic air passenger traffic is expected to have grown at 41-42 per cent sequentially in June, said ratings agency ICRA. Accordingly, the June 2021’s domestic passenger traffic is estimated at 29-30 lakh, implying a sequential growth

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PLI scheme to help India become Aatmanirbhar in APIs : ICRA

PLI scheme to help India become Aatmanirbhar in APIs : ICRA

🕔14:25, 17.Jun 2021

New Delhi, June 17  The government’s production-linked incentive (PLI) schemes for key raw materials such as bulk drugs and formulations, with a total incentive outlay of Rs 210 billion will help the country become Aatmanirbhar, ratings agency ICRA said. As

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Rising solar PV module prices near term headwind: ICRA

Rising solar PV module prices near term headwind: ICRA

🕔14:10, 17.Jun 2021

New Delhi, June 17 The increase in imported photovoltaic (PV) module price level by about 15-20 per cent is likely to impact returns of solar power project developers, ratings agency ICRA said. Accordingly, the price increase has taken place over the

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International prices to help steelmakers tide over 2nd Covid wave: ICRA

International prices to help steelmakers tide over 2nd Covid wave: ICRA

🕔10:04, 13.Jun 2021

New Delhi, June 13  Supportive international prices are expected to help domestic steelmakers tide over the second Covid wave, ratings agency ICRA said. Besides, ICRA expects domestic demand to recover in the coming months with the gradual lifting of lockdowns

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Second pandemic wave derails recovery momentum of India Inc

Second pandemic wave derails recovery momentum of India Inc

🕔20:50, 5.Jun 2021

New Delhi [India], June 5 — Ratings agency ICRA believes that while growth in Q1 FY22 will be optically aided by the extremely low base of previous year, the second pandemic wave has derailed growth momentum. The growth has been

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Infections-restrictions-vaccinations to vary state fiscal outcomes: ICRA

Infections-restrictions-vaccinations to vary state fiscal outcomes: ICRA

🕔19:43, 27.May 2021

New Delhi, May 27  The first GST Council meeting, coming in the midst of second wave of the pandemic, may have to devote a lot of time to find ways to settle the states’ GST compensation requirement for FY22, apart

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Operating margins of sugar companies expected to moderate in FY22: ICRA

Operating margins of sugar companies expected to moderate in FY22: ICRA

🕔14:01, 17.Apr 2021

New Delhi, April 17  The operating margins of sugar companies are likely to moderate in FY22 due to higher production cost and reduced export subsidy, ratings agency ICRA said in a statement. Besides, benefits from improved distillery performance was also

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Asset quality headwinds to impact NBFCs performance in FY22: ICRA

Asset quality headwinds to impact NBFCs performance in FY22: ICRA

🕔06:42, 15.Apr 2021

New Delhi, April 15  Domestic retail-assets under management (AUM) are facing asset quality headwinds which will moderate growth in FY21, ratings agency ICRA said. These headwinds are also likely to affect NBFCs performance in FY22, following resurgence of the Covid-19

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Strong bounce back witnessed for toll road assets: ICRA

Strong bounce back witnessed for toll road assets: ICRA

🕔18:30, 10.Apr 2021

New Delhi, April 10  India’s toll roads are likely to witness a 14-15 per cent growth in collections in FY22, ratings agency ICRA said in a report. Accordingly, this growth will be achieved on a low base following an estimated

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