Crisil News

‘Debt downgrade triples to Rs 1.38 lakh crore'

Somasekhar Vemuri, senior director, Crisil Ratings, said, “Across rating categories, entities with higher leverage saw more downgrades as pressure from the demand slump intensified."

Crisil cuts India’s GDP growth estimate for FY20 by 20 bps

The slowdown would be pronounced in the first half, while the second half should find support from expected monetary easing, consumption, and statistical low-base effect, Crisil said at the releaseof its report on India’s FY20 outlook titled ‘Uphill Trek’.


Gross NPAs of banks may shrink to 8 per cent by March 2020: Crisil

According to the agency, public sector banks, which account for over 80 per cent of the NPAs in the system, alone could see gross NPAs climb down over 400 bps to approximately 10.6 per cent by March 2020, from a peak of 14.6 per cent in March 2018.

‘AAA rating in India is below global BBB rating standards’

In other words, while as much 85-90 per cent of the bond issuances in India are by ‘AAA’ and ‘AA’ rated companies, if they are assessed on the global scale, their ratings would be rated below the ‘BBB’ category.

Crisil: ‘To fuel credit growth, banks need Rs 20 lakh crore in deposits in FY19, FY20’

Though the report points that banks will have to raise around Rs 25 lakh crore, they can manage around Rs 5 lakh crore through release of SLR funds.

Crisil report: ‘In FY19, airlines likely to post steepest losses in a decade’

While pitching for a 12 per cent hike in airfares to offset the increased costs, the report forecast debt liability of three listed airlines to go up by 10 per cent by FY19.


Maharashtra: Profits of multiplex industry to dip by Rs 100 crore, says rating agency CRISIL

Earlier this month, Maharashtra government announced that there would be no difference in the MRP of food products sold outside and inside multiplexes in the state and viewers will be free to carry their own eatables inside the multiplex.

Unsecured bank loans rise four-times in FY15-18: Crisil

Growth in unsecured loans is on account of a surge in discretionary spending, increased availability of customer data, faster disbursements driven by technology, and lower interest rates in some segments.

Provisioning norms: Banks may get Rs 27,000-crore breather on RBI move, says Crisil

“Accounting for the MTM losses over four quarters would mean nearly Rs 8,000 crore provisioning relief including write-backs for banks in the last quarter of fiscal 2018," Crisil director Rama Patel said.

Delinquencies in HFC home loans to self-employed rise: Crisil

For HFCs, loans to self employed borrowers have increased to 30 per cent of their overall home loan portfolio.