Fitch | The Asian Age

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Global ratings agency Fitch on Friday said ICICI Bank and Axis Bank have "gaps" in their risk control mechanisms and has revised down its outlook on the latter to negative on sour assets worries.

ICICI, Axis have gaps in their risk control mechanism, says Fitch

It can be noted that both the private sector lenders have had a tumultuous time in the past few months.

15 Jun 2018 4:49 PM

Fitch downgrades PNB's rating on deteriorating credit profile

VRs represent the capacity of the bank to maintain ongoing operations and to avoid failure.

04 Jun 2018 5:24 PM

Losses by state-run banks have almost entirely wiped out the USD 13-billion capital infusion by the government, and the situation is unlikely to improve in the current fiscal year.

State-run banks wiped out the USD 13-billion capital infusion by the govt

Around 19 of the 21 state-run banks reported losses for the fiscal, including country's largest lender SBI.

01 Jun 2018 3:36 PM

Fitch affirms RIL ratings with stable outlook

RIL's GRM (gross refining margin) improved to USD 11.6 a barrel in FY18, from USD 11 a barrel in FY17.

16 May 2018 3:08 PM

International rating agency Fitch on Friday affirmed the ratings on the country's largest automaker by revenue, Tata Motors, at BB+ with a stable outlook.

Fitch affirms Tata Motors at BB+; outlook stable

The rating also reflects the strong positioning of its 100 per cent-owned subsidiary Jaguar Land Rover.

27 Apr 2018 4:53 PM

Global credit rating agency Fitch on Friday affirmed India's sovereign rating at 'BBB-' with 'stable' outlook, saying that the country's medium-term growth potential is strong.

Fitch retains India rating at 'BBB-', stable outlook

The country's medium-term growth potential is strong.

27 Apr 2018 2:33 PM

Fitch questions strength of corporate governance at ICICI Bank

Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank.

09 Apr 2018 5:27 PM

Economic Affairs Secretary Subhash Chandra Garg. (Photo: PTI)

Indian economy will continue to have V-shaped recovery: Garg

In first quarter of current fiscal, GDP grew at 5.7 pc, while the second quarter growth stood at 6.5 per cent.

09 Mar 2018 11:11 AM

Government is selling off loss making PSUs and in current fiscal disinvestment proceeds have touched Rs 1 lakh crore. (Photo: File)

Finance Ministry pitches for ratings upgrade with Fitch

Govt will follow fiscal consolidation roadmap and will lower the fiscal deficit to 3 per cent of GDP by 2020-21.

07 Mar 2018 4:00 PM

Banks will need to report defaults by large borrowers weekly, indicating a more invasive approach to tracking bad assets. (Photo: AFP)

RBI's new NPA norms may undermine bank earnings: Fitch

The new framework's overall focus is on recognising and quickly resolving bad loans.

22 Feb 2018 3:27 PM

Moody's also placed PNB's baseline credit assessment and adjusted BCA of Ba3 and counterparty risk assessment of Baa3(cr)/P-3(cr) under review for downgrade. (Photo: PTI)

Trouble for PNB: Fitch, Moody's put bank under review for downgrade

Fitch and Moody's warned scam-hit PNB of rating downgrades, citing likely networth erosion and widening losses.

20 Feb 2018 3:07 PM

The Rating Watch Negative reflects the possibility of a downgrade of PNB's Viability Rating. (Photo: File)

Fitch puts PNB on 'Rating Watch Negative', hints at downgrade

Fitch Ratings has placed PNB's Viability Rating of 'bb' on Rating Watch Negative, following the large fraud reported by the bank.

20 Feb 2018 11:21 AM

Total amount is around 30 per cent of the state banks' equity base and is a significant shift away from the earlier drip-feed approach. (Photo: File)

Recap to mitigate PSB risks but NPAs to impact performance: Fitch

Decision to front-load around USD 12 bn through recapitalisation bonds would put banks in a slightly better position.

25 Jan 2018 1:14 PM

“Bharti Airtel’s rating headroom will narrow due to lower cash generation and high capex requirements in FY18,” said Fitch Ratings.

Jio pressure to ease partly on telcos: Fitch

Airtel last week posted over 39 per cent fall in consolidated net profit to about Rs 306 crore for the third quarter.

23 Jan 2018 2:34 AM

Fitch said India and, to a lesser extent, Turkey have also seen an impressive rate of capital accumulation per worker.

India has highest growth potential, says Fitch study

Broader measures of productivity growth in China have also slowed since the late 2000’s.

05 Jan 2018 2:32 AM

Fitch will no longer provide ratings or analytical coverage for RCom.

RCom dips over 2 per cent as Fitch withdraws ratings

RCom stock opened at Rs 11.10 and slumped 2.38 per cent to touch an intra-day low of Rs 11.07 on the BSE.

06 Dec 2017 11:01 AM

Company has also announced various asset sales and a comprehensive debt resolution plan. (Photo: File)

Fitch withdraws Reliance Communications rating

Fitch will no longer provide ratings or analytical coverage for RCom.

06 Dec 2017 10:54 AM

Report said credit growth is likely to recover gradually, but a sharp uptick is ruled out until balance sheets are cleaned up.

Fitch may revise banks' rating if recapitalisation done early

Govt had announced a Rs 2.11 trillion capital infusion for public sector banks over next two years.

30 Nov 2017 4:23 PM

Coal import for October came in flat at 16.65 million tonnes, underpinned by cautious buying by consumers due to high prices in the overseas market.

'Coal import may see further dip on self-sufficiency push'

Import of coal declined 6.37 per cent to 191.95 million tonnes in 2016-17.

27 Nov 2017 2:00 PM

Fitch said the implementation of the new law would continue to reduce the pace of new launches as developers focus on completing existing projects.

Fitch gives stable outlook to realty market; unsold stock to drop

Unsold inventory for a sample of seven large developers increased to Rs 668 billion at the end of 2016-17.

20 Nov 2017 4:58 PM

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Mohan Guruswamy