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Almost half the downgrades by ICRA in FY18 were induced by the weakening business position of entities.

Loan defaults to rise higher in FY19: ICRA

Crisil expects GNPAs to peak in mid of current fiscal.

3 April 2018 1:10 AM IST

More Indian companies are likely to default on their borrowings in the fiscal year that started in April compared with the previous year on higher interest costs and a deterioration in business conditions, according to rating agency ICRA.

Default rates at Indian companies likely to rise further: ICRA

The default rate for Indian companies rose to 3.4 percent in the fiscal year ended March from 2.6 percent in the...

2 April 2018 3:26 PM IST