The Indian banking sector that has remained almost immune to the global economic slowdown is in for a tough time as non-performing assets of banks are expected to more than double to 5 per cent of total advances in the next two years, says an analyst.
Use this window to lock into bank FDs; unless govt cuts small savings rates, banks may not cut deposit rates
The RBI governor's assurance should give investors enough confidence to start believing in the NBFC sector again, say bankers.
The country's narrowing power deficit and increased coal production may not be indicators of the end of stress in the industry. Amritha Pillay reports.
Rupa Kudva, managing director and chief executive officer of credit rating agency CRISIL, talks about her career lessons and success mantras.
Crops including fruit, vegetables account for 60% of GDP in agriculture, forestry, fishing sector.
With the stock markets being on a downturn for most part of the year, many asset management companies (AMCs) are sitting on huge piles of cash or cash equivalents, with some equity-oriented funds holding as much as 40 per cent of their assets in cash, a Crisil report pointed out.
Global rating agency Standard and Poor's said on Friday large scale acquisitions may put pressure on the financial profile of Indian corporates notwithstanding the positive impact of such transactions on businesses.
There is no doubt the oil companies are bleeding, but the issue is whether the government should also reduce the extra taxes it gets from high oil prices.
The airports chosen for operation, management and development through a public-private partnership model are those in Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati.
On the contrary, the fall in the US markets was lower with the S&P 500 and Dow Jones both declining by around 9 per cent and 6 per cent respectively, while emerging markets lost around 18 per cent during the month. Pessimism in the financial markets following the filing for bankruptcy by Lehman Brothers, Merrill Lynch's sell-off, the AIG bailout and perceived uncertainty around the US bailout package added to investor fears.
A relatively slow performance by the industrial sector and a high base effect may slow down gross domestic product (GDP) growth in the second quarter (July-September) of fiscal 2007-08 to below 9 per cent, feel analysts.
The securities -- Pass Through Certificates, backed by the new and used car receivables, originated from ICICI Bank and have been issued by Indian Retail ABS Trust under the bank's securitisation programme. Credit rating agency Crisil has assigned the high investment grade rating to these securities. The bank would assign the pool to the trust and will receive a purchase consideration equal to the pool's principal outstanding.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
India's lack of financial inclusion is well known but that slightly more than 50 per cent of the population just has a simple savings bank account is distressing.
Twenty-three of the 31 stocks in his publicly disclosed portfolio consist small-cap stocks. jhunjhunwala's portfolio rose 15.2% in Q3.
The number of base stations installed by Indian wireless operators is inadequate to provide high-quality services to the growing number of mobile subscribers, said a research.
According to Crisil Research, the average room rates in cities like Chennai, Hyderabad and Bangalore are likely to fall 5-10 per cent in the next few months. Industry experts said the occupancy rates could fall from 75-80 per cent now to 65-70 per cent soon.
Roads account for the second largest amount of bad loans.
These bonds carry AAA/stable rating from Crisil. The tenure of this paper is expected to be 10 years. "The yields on the 10 year government bonds dipped from around 8.6 per cent at the end of September to about 5.7 per cent now. Hence, the bank will save on costs as it will be in a position to place bonds at lesser rates now," a senior SBI official said.
The proposed annual quota for Indian companies could be between 10 and 15 per cent. Currently, there are no country-specific limits on H-1B allotment.
ABN Amro Asset Management's latest offering ABN Amro Sustainable Development Fund seeks to invest in 'socially responsible companies,' and is the first of its kind in India.
It is difficult to say if the banking sector will see the worst behind it by March 2020, warns Tamal Bandyopadhyay.
With its ability to invest in equities or debt depending on market conditions, ODFoF offers investors the opportunity to add to their portfolios what can typically be termed as an asset allocation fund.
The present home loan non-performing asset figures of banks understate the extent of delinquency in the sector as loans given in the last three years
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After RBI's missive on proxy lending to builders, it's time to reshuffle.
Mutual Funds continued to be net buyers to the tune of Rs 3,179 crore (Rs 31.79 billion) in the secondary market compared to a net buyer position of Rs 64 crore (Rs 640 million) in May, a study by fund evaluation and risk solutions provider Crisil FundServices stated. Fund houses have made net equity purchases close to Rs 7,614 crore (Rs 76.14 billion) till June end this year.
Expressing concern over high debt exposure of many companies in India, global rating agency Standard & Poor's on Tuesday warned India Inc that high oil prices can trigger inflationary pressures, trim corporate profits and slow down industrial activit
National Textile Corporation has shortlisted three firms as advisors to revive 29 of its mills through private participation.
The government's decision to put on hold even limited cuts in ration shop entitlements spells trouble for any future attempts to target subsidies.
TVS should be prepared for a rough ride as Bajaj Dominar, Mahindra Mojo, Royal Enfield Classic 350 and many others are stepping on the gas for a slice of this category.
SpiceJet COO says ATF price cut is need of the hour.
Credit rating agency Crisil observed in its report that some 'high frequency indicators go out of whack' as credit growth and service tax collections are not in tune with the CSO's growth projections.
The MSME sector, which is employment-intensive, accounts for 45 per cent of the country's manufacturing, 40 per cent of exports and nearly 8 per cent of gross domestic product.
In the past month, wheat prices have increased 6.3% as production is expected to be 1.5% lower, in terms of crop acreage, than the earlier estimate
HDFC Multiple Yield - Plan 2005 attempts to lower interest rate risk in its debt investments by locking the yield of the debt paper at the time of launch
According to the research arm of the country's largest lender State Bank of India, with stability in the currency, the RBI Governor is likely to lower the marginal standing facility rate, at which the RBI lends to the banks, once the lenders exhaust their overnight repo borrowing limits.
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