Page 2 - Care Ratings

Banks' gross NPA at 5.9%, a 6-year low, likely to improve: CARE Ratings

Even though the gross non-performing assets (GNPA) of scheduled commercial banks in India has hit a six year low of 5.9 per cent in FY22, it can improve further, said CARE Ratings in a report

Tata group's Infopark Properties raises Rs 1,900 cr via zero coupon bonds

Infopark Properties will own 100% of shareholding in TRIL Infopark Ltd which operates the asset Intellion Park, Chennai, spread over an area of 4.6 mn sq ft

CARE Ratings slips 13%, nears 52-week low after MD & CEO resigns

The board has accepted the resignation of Ajay Mahajan as the MD & CEO of the company due to personal reasons.

The stock of this iron & steel company has zoomed 89% in 11 trading days

Sunflag Iron and Steel soared 18 per cent to hit a record high of Rs 118.90 on the BSE in Tuesday's intra-day trade, extending previous two-week rally on the back of heavy volumes.

Former chiefs of CARE Ratings found not guilty after misconduct inquiry

An independent inquiry has found former top executives of India's CARE Ratings Ltd not guilty of potential misconduct, the company said in a regulatory filing on Tuesday.

FY22 ends with bank credit growth of 8.6%; retail, agri mainstay

FY22 saw the adverse effects of the pandemic until September 2021, followed by a turnaround in credit, especially to industry and retail, from October

YES Bank up 11%, hits 52-week as CARE Ratings upgrade outlook to 'positive'

The ratings agency upgraded the outlook to 'positive' on account of stable growth in deposits and advances

CARE upgrades rating for YES Bank's tier-II, infra bonds to "BBB+"

The CARE ratings continue to factor in the improvement in the credit profile of the bank post the implementation of the reconstruction scheme for the private sector lender.

Hindustan Aeronautics sees record Rs 24K-crore revenue in FY22

Income likely to continue flowing in from helicopters and Tejas light fighter

Adani Enterprises hits new high on financial closure of Navi Mumbai airport

State Bank of India (SBI) has underwritten the entire debt requirement of Rs 12,770 crore for the NMIA Project

Russia-linked Nayara Energy put under credit watch, says CARE Ratings

Nayara operates the 400,000 barrel-per-day (bpd) Vadinar refinery in India's western Gujarat state and has a fleet of about 6,500 retail fuel stations in the country.

Vodafone Idea zooms 10% amid heavy volumes on ratings upgrade by CARE

Improvement in the industry dynamics post telecom reforms announced by the government, which addressed the liquidity woes of the sector, led to the upgrade said Care Ratings.

Sebi asks PFS to file action taken report on governance within four weeks

CARE Ratings monitoring developments at PFS

ICRA, CARE put RBL Bank's stock ratings under review after CEO's exit

The rating is constrained on account of moderation in asset quality parameters with high slippages in retail portfolio, mainly in unsecured retail loan portfolio owing to Covid-19

Bank credit offtake shows stickiness, rises 7% in November: RBI data

Rating agency CARE in a statement said the credit growth is expected to be in the range of 7.5% to 8.0% for FY22.

Excise cut on petrol, diesel to cost government Rs 45,000 crore: Nomura

A cut in excise duty on petrol and diesel and the ensuing drop in retail selling price of these auto fuels should also help address inflation concerns to some extent, analysts said

Public insurers lost 30% motor segment business since FY18: Care Ratings

Amongst the states, Maharashtra continues to occupy the top spot followed by Tamil Nadu, Karnataka, and Uttar Pradesh in motor business for insurers.

Are Indian stock markets already pricing in the outcome of the RBI policy?

The Reserve Bank of India's three-day monetary policy committee (MPC) meeting ends on Friday. How will the markets react to the RBI Policy meet? What's priced in and what's not? Let's find out

Rural demand expected to get Rs 10,700-cr boost from bumper crops: Report

Rural demand is expected to get around Rs 11,000-crore boost from the record kharif harvest along with the marginal hike in minimum support price, according to a report by Care Ratings

Borrowing by state govts 11% lower than last year: CARE Ratings

25 states, 1 UT have raised Rs 2.92 trn, against Rs 3.27 trn by 27 states, 2 UTs last fiscal