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Wednesday, January 20, 2021

Credit Ratings

Indian ABS performance risks remain despite better collections: Moody’s

Mumbai, Dec 10 (IANS) Indian asset-backed securities (ABS) performance risks will remain elevated over the next 12 months, as weak economic conditions will continue to hurt borrowers’ ability to repay loans, Moody’s Investors Service said in a new report...

India’s Q2FY21 GDP contraction expected at 9.5%: ICRA

New Delhi, Nov 19 (IANS) As the economy recovers from the lows of pandemic-induced lockdown, the year-on-year contraction in India's GDP is expected to narrow appreciably to (-) 9.5 per cent in Q2FY21 from (-) 23.9 per cent in...

Moody’s revises India’s FY21 GDP contraction to 10.6%

New Delhi, Nov 19 (IANS) Moody's Investor Service on Thursday revised the contraction rate of India's FY21 GDP to (-) 10.6 per cent from an earlier estimate of (-) 11.5 per cent. The revision comes days after the Centre announced...

Paytm enters credit card biz, to issue 20 lakh in 12-18 months

New Delhi, Oct 19 (IANS) Leading digital financial services platform Paytm on Monday said it will partner with various card issuers to introduce co-branded credit cards and is aiming to issue 20 lakh cards in the next 12-18 months. The...

Overall credit growth continues to be muted: FinMin report

New Delhi, Oct 5 (IANS) Overall credit growth continues to remain muted amid weak credit demand and heightened risk aversion among banks, as per a report by the Finance Ministry. Credit to medium enterprises, however, has witnessed an uptick, according...

S&P affirms India’s sovereign ratings to ‘BBB-‘ with stable long-term outlook

New Delhi, Sep 25 (IANS) Global ratings agency S&P affirmed India's unsolicited foreign and local currency sovereign ratings with a stable long-term outlook. Consequently, the ratings were affirmed the 'BBB-' long-term and 'A-3' short -term unsolicited foreign and local currency...

Moody’s revises India’s FY21 GDP contraction to negative11.5%

New Delhi, Sep 11 (IANS) Moody’s Investor Service on Friday enhanced the contraction rate of India’s FY21 GDP to (-)11.5 per cent from an earlier estimate of (-)4 per cent. The revision comes days after India reported a massive 23.9 per...

Covid hits NPA recoveries by asset reconstruction companies

Chennai, Sep 11 (IANS) The ongoing coronavirus pandemic has also affected Asset Reconstruction Companies (ARC) as they are expected to face disruptions in their recoveries from non-performing assets received from banks, credit rating agency ICRA Ltd said. In a statement...

Fitch Ratings revises India’s FY-21 GDP forecast to 10.5%

New Delhi (IANS) Global credit rating agency Fitch on Tuesday slashed its FY-21 GDP growth forecast for India further downward to (-) 10.5 per cent from (-) 5 per cent. "We expect the shortfall of activity relative to our pre-virus...

Ind-Ra now lowers forecast for FY21 GDP growth to negative 11.8%

New Delhi, Sep 8 (IANS) Ratings agency India Ratings and Research (Ind-Ra) on Tuesday revised its FY21 GDP growth forecast further downward to negative 11.8 per cent from a negative 5.3 per cent. According to Ind-Ra, the quantum of negative...

Latest News

B’desh to receive 2 mn Covishield doses from India as ‘gift’

By Sumi Khan (IANS) Bangladesh Health Minister Zahid Maleque has said that the country would receive two million doses...