Tag: Icra

RBI's Recent Norms May Spike NPAs For NBFCs, Says ICRA
RBI's Recent Norms May Spike NPAs For NBFCs, Says ICRA

"Stricter NPA upgradation requirement is likely to push-up the NBFC and HFC (housing finance companies) NPAs of March 2022 by about 160-180 basis points and 60-80 basis points, respectively, over March 2021 levels," ICRA's Vice President, Financial Sector Ratings, A.M. Karthik said.

  • Sunday, 28 November 2021
Tax
FY21 Central Tax Devolution To States Expected To Fall By Over 36%: ICRA

New Delhi: Ratings agency ICRA has estimated that central tax devolution (CTD) to the states will be 36.2 per cent lower than the budgeted amount in the FY21 Union Budget. Accordingly, the CTD is expected to be around Rs 5,00,500 crore (Rs 5,005 billion) in FY2021 from the budgeted Rs 7,84,200 crore (Rs 7,842 billion). […]

  • Sunday, 11 April 2021
India's Economic Recovery 'Broadened, Strengthened' In September: ICRA
India's Economic Recovery 'Broadened, Strengthened' In September: ICRA

New Delhi: India’s economic recovery has “broadened and strengthened” in September from the pandemic-induced lows seen in April 2020, ratings agency ICRA said on Tuesday. ICRA said that as many as nine of the tracked 15 non-financial high frequency indicators recorded growth in September 2020, while five posted a narrower year-on-year (YoY) contraction in that […]

  • Saturday, 10 April 2021
Banks May Face Incremental Debt Issuance Challenges From New Norms
Banks May Face Incremental Debt Issuance Challenges From New Norms

New Delhi: Banks might face incremental debt issuance challenges as new norms limiting composition of the Basel III bonds in overall asset under management (AUMs) could affect investment appetite of AMCs, ICRA said on Thursday. Recently, markets regulator SEBI issued a circular revising investment norms for debt mutual funds that invest in banks’ ‘Basel III’ […]

  • Friday, 02 April 2021
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