ICRA sees NPAs jumping to 5.9% by March from 4.4% in FY15

Last Updated: Wednesday, August 26, 2015, 21:24

The banking sector is likely to end the current fiscal with increased gross non-performing assets (NPAs) at 5.3-5.9 percent, primarily due to the withdrawal of the regulatory forbearance on restructured advances by the Reserve Bank from this April, ratings agency Icra said Wednesday.

LCV sales to remain subdued during current fiscal: ICRA

Last Updated: Wednesday, August 26, 2015, 20:23

Medium and heavy truck segment is likely to grow by up to 14 percent in the ongoing fiscal, while light commercial vehicle sales would remain subdued, rating agency ICRA said on Wednesday.

More rate cuts needed for banks to lower lending rates: ICRA

Last Updated: Friday, July 24, 2015, 19:54

Rating agency ICRA Friday said concerns on inflation are ebbing and the Reserve Bank should slash the key rates at the forthcoming policy meet for better transmission of its moves by lenders.

ICRA reappoints Naresh Takkar and MD & CEO

Last Updated: Thursday, July 2, 2015, 15:01

ICRA Ltd has reappointed Naresh Takkar as its Managing Director and Chief Executive Officer for a period of five years.

Hotel industry to see modest 6% growth in FY16: ICRA

Last Updated: Tuesday, June 30, 2015, 19:26

The revenue growth for the industry is expected to remain weak in the first half of 2015 with a growth rate of just 3 to 4 per cent and operating margins are likely to be flat, it said.

'Passenger vehicles' domestic volumes may grow 5-7% in FY16'

Last Updated: Wednesday, June 24, 2015, 19:27

The domestic passenger vehicle (PV) industry's volumes are likely to grow by up to 7 percent this financial year, riding mainly on first-time buyers, according to a report by ICRA.

ICRA pulls out services from Indonesia

Last Updated: Monday, June 15, 2015, 17:44

Rating agency ICRA Ltd Monday said it has withdrawn its services from Indonesia in the wake of significant challenges in the current environment in the country.

Investor interest high in REITs but tax hurdles persist: ICRA

Last Updated: Tuesday, June 9, 2015, 20:50

Even as the government's policy measures have bolstered investor interest in real estate investment trusts (REITs), lack of clarity on the tax structure remains a matter of concern, ICRA said Tuesday.

ICRA sees NPAs soaring by up to 1.50% to 5.9% this fiscal

Last Updated: Monday, June 8, 2015, 22:36

Domestic rating agency ICRA today said gross NPAs in the system may jump up to 5.9 percent this fiscal from 4.4 percent despite economic growth because of lagged recognition of bad assets which is resulting in slippage of more restructured accounts into dud loans.

New urea policy will help bridge demand-supply gap, says ICRA

Last Updated: Tuesday, June 2, 2015, 20:52

The government's gas pooling and the new comprehensive urea policy are positives for the overall fertiliser industry and will help in bridging the demand-supply gap, rating agency ICRA said in a report.

Economy to grow 7.6-7.8%; below-normal monsoon risk exists: ICRA

Last Updated: Tuesday, May 26, 2015, 21:13

Rating agency ICRA on Tuesday said the Indian economy will grow in the range of 7.6-7.8 percent in the current fiscal, despite the headwinds posed by muted global growth and an unfavourable monsoon outlook.

ICRA head comes in place of Roopa Kudva in RBI panel

Last Updated: Monday, May 25, 2015, 21:58

Rating agency ICRA's chief Naresh Takkar has replaced former Crisil MD Roopa Kudva as a member of the External Advisory Committee of RBI that evaluates applications for payment bank licences.