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2nd Wave Of Covid-19 Could Delay Resolutions & Increase Haircuts: ICRA
The outbreak of the Covid-19 pandemic and its related effects in FY2021 battered the prospects for stressed asset resolution. The pandemic has increased operational challenges for the various parties involved in a corporate insolvency resolution process (CIRP), which resulted in limited ...
ICRA Lowers GDP Forecast On Account Of Lockdown, Curfew
Lockdown across Maharashtra and other states has pushed rating agency ICRA to reduce its FY 2022 GDP to 10.2%. "Towards the end of the last fiscal year on March 24th ICRA had projected growth in GDP for FY22 to be between ...
Icra Lowers Gdp Forecast On Account Of Lockdown Curfew
ICRA Lowers GDP Forecast For 2021-22
The extent to which restrictions are imposed across multiple states on manufacturing, as well as the availability of migrant labour will have a critical bearing on the supply disruptions that may emerge. With sentiment souring, there may be some loss of ...
Icra Lowers Gdp Forecast For 2021
Rising Covid Cases Re-Ignite uncertainty: ICRA
One year post the nation-wide lockdown, Indian GDP had reverted to pre-Covid levels in Q3 FY2021, and the pace of growth is expected to rise modestly in Q4 FY2021, ICRA has stated in its latest report. "Simultaneously, uncertainty related to the ...
Broking Industry Expected To Report Strong Growth
The broking industry is poised to report a strong growth supported by the favourable capital markets and record transaction volumes, ICRA has said in a report. ICRA expects the broking industry to clock a record broking income of Rs. 27,500-28,500 crore ...
Broking Industry Expected To Report Strong Growth
Economic Activity Shows Solid Rebound: ICRA
Economic activity rebounded solidly in December 2020, relative to the previous month, reflecting factors such as a pick-up in demand after the temporary post-festive slack and year-end discounts, as well as an expected waning of the unfavourable base effect related to ...
Economic Activity Shows Solid Rebound Icra
Moderation In Asset Quality Pressure To Drive Earnings Growth For Banks
ICRA Ratings has said that improved asset quality and consequently lower credit provisions could drive better profitability for banks and provide impetus to lenders and rejuvenate their lending decisions. "Low interest rates, improved business volumes, better job prospects and income levels ...
Profitability Of Tea Players To Increase In FY 2021
Rating agency ICRA expects the profitability of North Indian bulk tea players to witness significant improvement in FY2021, on the back of a steep increase already witnessed in H1FY2021 and significantly lower losses expected in H2 FY2021, given the expectations of ...
Profitability Of Tea Players To Increase In Fy
Recovery In Indian Economy Fragile, Says ICRA
The recovery under way in the Indian economy in Q3 FY2021 is fragile, and appears prone to risks related to rising costs, as well as a re-appearance of supply-side disruptions in some areas, ICRA has stated in a report. "We forecast ...
Domestic Air Passenger Traffic Improves In Sept 2020
Domestic passenger traffic continued recovery in September, 2020 with sequential improvement of 37%; witnessed an estimated PLF of 63% on 46% capacity deployment, ICRA has stated in its report. "Post the initial recommencement of operations of the scheduled domestic flights with ...
Domestic Air Passenger Traffic Improves In Sept
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