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Banks will have to make changes in the existing infrastructure which would be a huge challenge for the banks.(Representational Image)

Recapitalisation plan positive for banks' ratings: Fitch

Govt recently announced to infuse Rs 2.1 trillion in state-run lenders over a two-year period.

26 Oct 2017 5:43 AM

Fitch estimates that the banking sector will require around USD 90 billion in new total capital by 2018-19 fiscal to meet Basel-III standards and ongoing business needs.

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 10:53 AM

There would be no privatisation of the state-owned Coal India, said interim CMD Gopal Singh.

'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 8:30 AM

2016 overall was a watershed year for Indian real estate. (Representational Image)

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 11:28 AM

Shares of Reliance Communications (RCom) on Tuesday slumped over 9 per cent in morning trade after the collapse of its Aircel merger deal. Photo: PTI

RCom, subsidiary GCX's ratings unaffected by debt repayment plan:...

Re-rating will happen after clarity on the execution of sale of its assets and the capital structure of the revamped...

1 Nov 2017 6:54 AM

Banks will have to make changes in the existing infrastructure which would be a huge challenge for the banks.(Representational Image)

Fitch has negative outlook on banks, raises capital concerns

Banks will need USD 65 billion in additional capital to meet Basel III requirements by March 2019.

14 Sept 2017 12:34 PM

Petroleum ministry has been demanding to bring petrol and diesel on GST to give relief to consumers from high prices.

Fitch said govt move on fuel prices to impact profitability of OMCs

The government reduced the prices of petrol and diesel by Rs 2.50 per litre on October 4, 2018.

5 Oct 2018 11:13 AM

Fitch, however, expects GDP growth to pick up in the next two years on back of gradual implementation of the structural reform agenda and higher real disposable income. (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 7:44 AM

According to the industry sources, banks are worried telcos will start defaulting on payments due to fall in revenues and high level of debt in the sector.

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.

22 Jan 2018 9:04 PM

Global rating agency Fitch on Monday slashed its GDP forecast for India for FY18 saying growth has repeatedly disappointed in recent quarters.

India has highest growth potential, says Fitch study

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

4 Jan 2018 9:02 PM

Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (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 9:57 AM

PNB has suspended 10 officers over the scam and referred the matter to CBI for investigation. (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 9:37 AM