#ind-ra

Corporate credit profile posts strongest performance in FY22: Ind-Ra

Corporate credit profile posts strongest performance in FY22: Ind-Ra The corporate credit profile has posted its strongest performance in FY22, surprisingly, a year immediately after the unprecedented COVID-19 induced crisis. India Ratings and Research’s (Ind-Ra) corporate downgrade-to-upgrade (D-U) ratio is at a decadal low of 0.3 (FY21: 1.4). This marks a reversal of the past three years’…

NBFCs may see loan growth of 14% in FY23: India Ratings and Research

Non-banking finance companies are likely to see normalisation of business activities in the fiscal year 2022-23, in the absence of any negative event, India Ratings and Research said on Friday. NBFCs would maintain loan growth of around 14 per cent year-on-year in the next fiscal with growth in the current fiscal at about 7 to 8 per cent, it added. “NBFCs would begin the year with sufficient…

PCA Framework for NBFCs brings further parity with banks in terms of regulations: Ind-Ra

The Reserve Bank of India’s prompt corrective action (PCA) framework for non-banking financial companies (NBFCs) brings further parity in terms of the regulations between banks and non-banks, due to the increased size and scale of NBFCs and interconnectedness with banks, along with the scale-based regulation implemented in October 2021 and the alignment of asset quality classifications…

NBFC NPAs could increase by a third due to tightening of norms: India Ratings

The Reserve Bank of India’s clarification accounting of non-performing advances is likely to increase non-banking finance companies’ (NBFCs) non-performing assets (NPAs) by around a third, according to India Ratings (Ind-Ra). NBFCs would also have to invest in systems and processes to comply with daily stamping requirements. Ind-Ra noted that NBFCs have asked the RBI to privide a transition…