Page 6 - Fitch

Fitch downgrades viability rating for Canara Bank; IDBI Bank

The rating agency also revised the sector outlook on Indian Banks to "Negative" from "Stable"

Banks need $90 billion to meet Basel III rules: Fitch

Govt has plans to inject Rs 450 billion ($6.7 billion) in the banks through March 2019

Fitch downgrades Lodha's rating

Fitch said the downgrade reflects Lodha's inability to reduce its leverage, as measured by net debt/adjusted inventory, to a level appropriate for its previous rating

Spike in private sector debt poses risk: Fitch

What makes the debt profile worrying was the sharp depreciation in the emerging market currencies

India to grow 7.5% in FY16, 7.7% in FY17: Fitch

This rating is on assumption that monsoon would be normal, wage hike for central govt employees

Fitch pegs India's growth at 7.7% in FY17

Fitch Ratings expects India to be on the top of the global growth ladder and expanding by 7.7 per cent in the current fiscal, a shade higher than the estimated 7.5 per cent in the previous year due to higher disposable income and a likelihood of a normal monsoon. "Fitch has maintained its GDP growth forecast for India for the fiscal year ending March 2016 at 7.5 per cent. Growth is expected to gradually accelerate to 7.7 per cent in FY17 and 7.9 per cent in FY18," Fitch Ratings said in its India-Global Economic Outlook (GEO) Forecast. This implies a minor downward revision from the December GEO, but leaves India at the top of the global growth ladder, it said. "We expect the gradual recovery in FY17 and FY18 to be supported by higher real disposable income, assuming a normal monsoon after two years of below-average rainfall and a substantial wage increase for central government employees," it said. The gradual implementation of the structural reform agenda, Fitch Ratings said, is .

Fitch cuts FY17 growth forecast to 7.7% from 8%

It expects another 0.25% cut in monetary policy as the government decided to stick to the fiscal deficit roadmap

Fitch lowers FY17 India growth forecast to 7.7%

It expects another 0.25% cut in monetary policy as the government decided to stick to the fiscal deficit roadmap

Infra spending unlikely to boost steel demand: Fitch

Said in a statement that demand can grow if "project execution rates pick up significantly"

Indian state-owned banks' credit profile at risk without more capital: Fitch

Lenders' provisioning has been weak and significant new capital is necessary to maintain credit profiles, the ratings agency says