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NBFCs securitisation volumes to rise 20-25% in FY23, says ICRA

Rating agency ICRA also expect the securitisation market to be largely dominated by the retail asset class which would account…

April 19, 2022 02:00 IST

Accordingly, the total devolution exceeded the original FY2022 BE by around Rs 2.2 trillion, following a better-than-estimated tax revenue out-turn for the GoI.

Updated estimates of devolution could boost states’ capex

If the GoI reverts to the earlier practice of releasing 7.1% of the budgeted tax devolution (Rs 8.2 trillion) to…

April 16, 2022 06:30 IST

ICRA Analytics has emerged as the top exporter of IT-enabled services (ITeS) with less than Rs 100 crore turnover for the financial year 2020-21 in West Bengal.

ICRA Analytics to add more delivery centres in India from 4 at present

The subsidiary of rating firm ICRA Ltd currently has delivery centres in Kolkata, Delhi NCR, Chennai and Mumbai.

April 13, 2022 17:06 IST

Construction equipment sales slow down by as much as 12% in FY22

In a recent report, Icra said there has been a 10-20% increase in prices of construction equipment, mainly due to…

April 6, 2022 05:00 IST

NBFCs Q4 assets under management likely to rise 2-4% q-o-q, say analysts

On the asset quality front, NBFCs’ gross non-performing assets (GNPA) are likely to rise to be in Q4FY22 as against…

April 6, 2022 03:30 IST

Bank credit may grow 8.9-10.2% in FY23: Icra

The growth drivers for banks will be a strong corporate credit ratio, tightened underwriting in the retail and MSME segments…

April 6, 2022 01:45 IST

The full-year exports, thus, exceeded the previous record of $330 billion, achieved in FY19, by a wide margin and remained 43.2% higher than the $292 billion recorded in the pandemic year of FY21.

Merchandise export shipments hit record $40.4 billion in March

The official data showed petroleum products were the biggest driver of exports with a year-on-year surge of 151%. Huge rise…

April 4, 2022 05:20 IST

The borrowing is scheduled to be completed in 26 weekly tranches of Rs 32,000-33,000 crore. It will be spread under 2, 5, 7, 10, 14, 30 and 40-year securities and floating rate bonds (FRBs) of various tenors.

Govt’s market borrowing target set at Rs 8.45 trillion for H1FY23

The finance ministry has now cut the full-year (FY23) gross market borrowing through dated securities from the budgetted level of…

April 1, 2022 06:20 IST

Indian brokerage industry to see record revenues in FY22

The increase in the activity in equity markets since the beginning of the pandemic was driven by robust corporate earnings,…

March 24, 2022 06:20 IST

Yields on advances by microfinance institutions to rise after new norms

“The yields on an overall basis will increase by 1-2% for larger microfinance institutions and to 3-5% on smaller MFIs,”…

March 19, 2022 06:30 IST

Andhra Pradesh HC order upholding sanctity of PPAs positive for renewable energy producers: ICRA

The High Court of Andhra Pradesh vide its order on March 15, 2022 in the matter of PPA tariff renegotiation…

March 16, 2022 15:26 IST

Elusive private capex reignites debate: Consumption booster or investment-led virtuous cycle?

Private consumption levels will pick up, if more employment opportunities are created.

March 3, 2022 05:45 IST

PLI scheme to unlock India’s manufacturing capacity: Icra

Also, incremental revenues of Rs 35-40 lakh crore are expected over the next five years due to a reduction in…

February 17, 2022 18:17 IST

Profitability to be subdued for NBFC-MFIs, SFBs this fiscal as credit costs to stay elevated: Icra

In view of the muted performance in the first half of this fiscal, Icra has revised the FY22 growth outlook…

February 8, 2022 06:30 IST

Domestic rating agency maintained a 'stable' outlook for the Indian road logistic sector. (File/Reuters)

Icra maintains ‘stable’ outlook for Indian road logistics sector

The optimism stems from the favourable scenario wherein most players reported strong growth in freight volumes on a sequential basis…

January 4, 2022 15:42 IST

Reduction in duty could reduce steel prices by up to 10% in near term: Icra

In her Budget Speech on Monday, Finance Minister Nirmala Sitharaman announced reducing the duty to 7.5 per cent on products…

February 5, 2021 21:40 IST

Economic activity tentatively returning to pre-COVID levels: Icra

Rating agency Icra on Monday said most of the indicators have displayed a year-on-year (y-o-y) expansion in December 2020, which…

January 18, 2021 21:48 IST

The recommendation of the National Health Policy 2017, for creation of such cadres, will be earnestly implemented only when catalysed through centrally financed mechanisms and guidelines.

Healthcare sector’s revenue expected to grow 20% in 2021-22: Report

Domestic rating agency Icra has a stable outlook for the sector in the long-term outlook, given the swift rebound in…

January 18, 2021 20:01 IST

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