Strong bank loan growth in FY23 despite higher interest rates: Fitch Ratings “We see bank credit expanding by around 13 per cent in FY23, up from 11.5 per cent in FY22. The… Updated: November 28, 2022 14:36 IST
Limited risk to India rating from external pressures: Fitch “CAD will reach 3.4% of GDP in FY23, to be contained at sustainable level” October 20, 2022 02:45 IST
Cites risk from elevated inflation and interest rates: Fitch slashes FY23 growth forecast for India to 7% Wholesale-price-based inflation hit a 11-month low of 12.41% in August, although retail inflation inched up to 7%, reversing a declining… September 16, 2022 06:30 IST
Fitch cuts India’s FY23 GDP growth forecast to 7%; high inflation, policy tightening dampen economic prospects Fitch Ratings on Thursday slashed its India’s economic growth (GDP) forecast for the current fiscal to 7 per cent from… Updated: September 15, 2022 10:11 IST
Fitch affirms ‘BBB-‘ rating to GAIL, outlook stable “GAIL’s standalone credit profile (SCP) is ‘bbb’, supported by its dominant market position in the regulated utility gas-transmission business, diversification… June 27, 2022 15:33 IST
Fitch revises rating outlook on 9 banks The other lenders are Bank of Baroda (BOB), Bank of Baroda (New Zealand) Ltd, Bank of India, Canara Bank, Punjab… June 15, 2022 17:36 IST
Fitch raises India outlook to ‘stable’, retains rating Higher oil import bill could drive up the country’s current account deficit to 3.1% of GDP in FY23 from just… June 11, 2022 04:15 IST
Fitch cuts India’s GDP growth forecast to 7.8% for this year but raises future economic outlook Fitch Ratings said despite the global uncertainties, especially the headwinds from the global commodity price shock amid Russia Ukraine war,… June 10, 2022 11:44 IST
RIL to fire on all cylinders: Telecom, oil to drive earnings this year; O2C, retail to generate cash: Fitch The oil-to-telecom conglomerate has so far this year outperformed benchmark Nifty 50 index and the company’s stock is up 3.90… May 10, 2022 16:38 IST
Fitch slashes FY23 India outlook to 8.5% In its Global economic Outlook-March 2022 on Tuesday, Fitch also forecast a rise in inflationary pressure, which will peak above… March 23, 2022 00:55 IST
After Moody’s, Fitch cuts India’s growth outlook by nearly 2%; flags high inflation, rising fuel prices Fitch Ratings has cut India’s GDP forecast by 1.8% to 8.5% for 2023. The rating agency has however upped its… Updated: March 22, 2022 10:51 IST
Uncertainties remain around India’s medium-term debt trajectory: Fitch In its report ‘What Investors Want to Know: Indian Sovereign and Financial Institutions in 2022’, it said financial institutions face… February 24, 2022 14:38 IST
India’s bank privatisation may be delayed: Fitch The plan, announced in the Budget in February, is part of the government’s broader divestment goals for FY22, and includes… June 8, 2021 03:45 IST
Surge in second wave to lower our India GDP forecast: Jeremy Zook, director (sovereign ratings), Fitch Ratings “The rating would come under additional pressure from a worsening of the debt ratio trajectory resulting from weaker medium-term growth… June 1, 2021 05:45 IST
Fitch Ratings affirms BBB- rating, says COVID-19 surge may delay economic recovery Fitch had in June last year revised outlook for India to ‘negative’ from ‘stable’ on grounds that the coronavirus pandemic… April 22, 2021 21:58 IST
Fitch Ratings revises India’s GDP growth estimate to 12.8% for FY22 In its latest Global Economic Outlook (GEO), Fitch said revision is on the back of “a stronger carryover effect, a… Updated: March 24, 2021 21:12 IST
High fiscal deficit may invite rating agencies’ ire, Fitch may downgrade: Report In a note released hours after the Nomura report, Fitch indeed flagged risks over the fiscal roadmap from the medium… February 2, 2021 17:07 IST
High risk profile for Lodha Developers proves costly; find out how The global rating agency attributed the downgrade to the company’s inability to reduce its leverage June 14, 2016 06:35 IST
e-Passport launched in India: Who can apply, how to apply, application fee, benefits, key security upgrades and more
Who is Alexandr Wang? 28-year-old hired for 14 billion US dollar by Mark Zuckerberg to lead Meta superintelligence labs