Page 5 - Care Ratings

CARE puts rating for Rana Kapoor family owned firm in default grade

MCPL is a holding company having investments in various non-financial businesses

NPAs may move up by 5% due to moratorium: CARE Ratings' Ajay Mahajan

Ajay Mahajan, managing director and chief executive officer, spoke to Raghu Mohan on how he views the business and the regulatory topography ahead

Life insurance industry to recover in next quarter, says CARE Ratings

CARE Ratings, in a note, said growth could potentially return in Q2 or Q3 and distribution channels could see significant realignment, with digital sales rising at the cost of individual agents

Many MSMEs are approaching banks for collateral-free loans: Survey

The rating agency said the survey was conducted over 2 weeks - between June 23 July 7 - and saw the participation of 345 respondents from a cross-section of sectors

Inevitability of defaults: Promoters gripe over loans being sold to ARCs

'Once the moratorium is lifted, we expect several companies to default. The bank will have no other option but to either restructure the loan or sell it to ARCs,' says a banker

Market Ahead, July 3: All you need to know before the opening bell

On the results front, a total of 18 companies including Indiabulls Housing Finance are scheduled to announce their results today

Birla Sun Life Mutual Fund schemes see uptick post IL&FS SPV upgrade

Care Ratings upgraded debt papers of the firm to 'C'

India's GDP likely to contract by 6.4% in FY21, says Care Ratings

The rating agency, in May, had projected a decline in GDP growth of 1.5-1.6 per cent in FY21.

Q4FY20 GDP growth expectation: How bad will Covid-19 impact the economy?

The common thread that runs through these estimates is the fact that the economy is headed towards a recessionary phase

ICRA, CARE downgrade Yes Bank's rating on upper tier-2 bonds to D

While the bank has adequate liquidity for coupon payment as per Basel guidelines coupon is not payable if the CRAR is below the regulatory requirement

Bank deposits grow at 11.3% but credit growth moderates, shows data

Banks have also lowered their lending rates following the cut in the benchmark rates by the Reserve Bank of India (RBI).

RCap debt servicing to be delayed due to rating downgrade by CARE in 2019

CARE had downgraded RCap's long-term debt programme, market-linked debentures and subordinated debt due to delay in payment of interest

Covid-19 impact: Health expenditure in April trebles to Rs 13,000 crore

If this rate of rise continues, allocation will be exhausted in just five months

AGR dues: MFs receive interest payment from Vodafone ahead of SC hearing

Franklin Templeton MF, which had exposure to the debt papers of the company in six of its schemes (that are being wound up), also received payment.

Lockdown impact: Bank credit growth plunges 50% in fortnight to May 22

Banks had surplus liquidity of Rs 4.5 trn in the period

Why Moody's downgrade is not a bolt from the blue but still not justified

While this downgrade will not affect the sovereign as it does not borrow overseas, it will however affect Indian companies borrowing from abroad

CRISIL to CARE, agencies peg India's economic growth at 4-4.7% in FY20

The first Advance Estimates, released in January for the purpose of Budget preparations, pegged the economic growth rate at 5 per cent in 2019-20.

Indian economy to contract 5-7% in FY21: Bernstein, Goldman Sachs

Analysts say the Rs 20-trn stimulus package by govt a lost opportunity

All for liquidity: Watch every rupee, chase dues, and refinance debt

Refinancing high-cost debt into low-cost debt is possible, thanks to the RBI's TLTROs

Tata group, Adani, CESC may join the race to buy BSES companies

Clouding the valuation will be dues to generation firms and a possible CAG audit