Search For "care rating"
Banking system liquidity to remain in surplus position: CARE Ratin
Updated : 2 months ago IST
Mumbai (Maharashtra) [India], December 28 (ANI): The outstanding liquidity in banking system amounted to Rs 5.09 lakh crore as on December 24, Rs 50,386 crore higher than that in the previous week (Rs 4.58 lakh crore as on December 18), CARE Ratings said on Monday.
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Gross NPAs of banks may jump to 11.5 pc by end of FY21: Care Ratin
Updated : 4 months, 3 weeks ago IST
Mumbai (Maharashtra) [India], October 14 (ANI): The gross non-performing assets (NPAs) ratio of Indian banks is likely to be 11 to 11.5 per cent by end of current fiscal and they are likely to restructure 4 to 5 per cent of the overall bank credit outstanding, according to Care Rating.
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Business activity may touch pre-COVID-19 levels by March: Care Rat
Updated : 5 months, 1 week ago IST
Mumbai (Maharashtra) [India], Sep 22 (ANI): There has been a pick-up in economic activity since the government began gradual relaxations on June 1 after the COVID-19 lockdown but it will be a long way before pre-COVID levels are attained, Care Ratings has said.
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Care downgrades Repco Home Finance's loan facilities, NCDs to AA-m
Updated : 5 months, 2 weeks ago IST
Mumbai (Maharashtra) [India], September 19 (ANI): Care Ratings has revised the rating of Chennai-based Repco Home Finance's long-term loan facilities and non-convertible debentures worth Rs 1,620 crore to AA-minus with stable outlook from AA with negative outlook.
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Care upgrades JSL's credit facilities rating to BBB with stable ou
Updated : 6 months, 1 week ago IST
New Delhi [India], Aug 29 (ANI): Care Ratings has upgraded the rating of Jindal Stainless Ltd's (JSL's) credit facilities to BBB from BBB-minus with a stable outlook.
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Commercial vehicles face grim near-term outlook: Care Ratings
Updated : 7 months, 1 week ago IST
Mumbai (Maharashtra) [India], July 25 (ANI): Domestic commercial vehicle sales are expected to decline by 30 to 35 per cent in the current financial year as the industry is staring at further de-growth while the COVID-led economic downturn adds to negative sentiment, according to Care Rating
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India's GDP may contract by 6.4 pc in FY21: Care Ratings
Updated : 8 months ago IST
Mumbai (Maharashtra) [India], July 2 (ANI): Care Ratings on Thursday revised India's GDP growth forecast for the current financial year to minus 6.4 per cent as economic activity continues to be impacted by the Covid-19 induced countrywide lockdown.
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CARE Ratings posts FY20 income at Rs 219 crore
Updated : 8 months, 2 weeks ago IST
Mumbai (Maharashtra) [India], June 19 (ANI): CARE Ratings standalone income from operations declined from Rs 297 crore in FY19 to Rs 219 crore in FY20 while other income increased from Rs 30 crore to Rs 31 crore.
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Sugar consumption to be disturbed as bans on celebrations continue
Updated : 9 months, 2 weeks ago IST
Mumbai (Maharashtra) [India], May 19 (ANI): Sugar consumption in the country will remain disrupted in coming months as lockdown measures have been extended amid coronavirus pandemic, according to a new report by Care Ratings.
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Care downgrades Ashok Leyland's bank facilities, debentures to AA
Updated : 10 months ago IST
Mumbai (Maharashtra) [India], May 7 (ANI): Care Ratings has downgraded Ashok Leyland's bank facilities totalling Rs 4,200 crore and debentures from AA-plus to AA with a negative outlook due to falling demand of commercial vehicles in the backdrop of coronavirus pandemic led economic slowdown
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Bank credit growth on a low swing this fiscal: Care Ratings
Updated : 1 year ago IST
Mumbai (Maharashtra) [India], Mar 4 (ANI): The overall bank credit growth has been low so far this year with the first 10 months registering an increase of 3.5 per cent compared with 7 per cent last year (January over March), according to Care Ratings.
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CARE Ratings stock dips by 8 pc after Chairman Mainak resigns
Updated : 1 year ago IST
Mumbai (Maharashtra) [India], Feb 13 (ANI): The share price of CARE Ratings plunged by over 8 per cent on Thursday afternoon after the agency said its Chairman S B Mainak has resigned after stock market regulator Securities and Exchange Board of India (SEBI) reportedly asked for his removal.
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