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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.

Business

India Ratings lowers country's GDP growth projection for FY20 to 7.3...

Key reasons for downward revision are prediction of lower-than-normal monsoon for 2019 and continued agrarian distress.

1 May 2019 2:50 PM IST

Bank of Baroda on Tuesday said its loan account to debt-laden Infrastructure Leasing and Financing Services (IL&FS) continues to remain standard at present.

Business

Ex-CEO of IL&FS arm helped Fitch official buy villa, says probe report

In a statement on Wednesday, a Fitch Group spokesperson said it is probing the matter.

12 Jun 2019 7:07 PM IST

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

Business

More forced lending to NBFCs can land banks in trouble: Fitch

Earlier this month, RBI announced three major steps to encourage banks to lend more to liquidity starved NBFCs.

14 Aug 2019 4:02 PM IST

$Foreign portfolio investors are also seeking clarity behind \indirect transfer\ rules that could increase tax liabilities for overseas funds. (Representational Image)$ Business

FPI flows to remain under pressure despite tax surcharge reversal:...

While India might get occasional inflows, India Ratings noted that global capital inflows are unlikely to pick up...

4 Sept 2019 6:02 PM IST

Business

Fitch Solutions says India GDP growth to rebound at slower pace

India's real GDP growth slumped in Q1 of FY2019/20 (April-March) to 5 pc year-on-year, from 5.8 pc in Q4 (January-March)...

2 Sept 2019 3:12 PM IST

Business

RBI steps to boost credit growth risky: Fitch

The CRR is the percent of its cash deposits a commercial bank must maintain with the RBI.

11 Feb 2020 4:20 AM IST

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)

Business

Fitch says Budget light on new structural reforms

Fitch projected that the government debt will remain close to 70 per cent of GDP throughout the period to 2021-22.

5 Feb 2020 12:06 PM IST

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

Business

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.

9 March 2018 11:11 AM IST

Business

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.

7 March 2018 4:00 PM IST

On Tuesday, the Indian rupee closed the session on a flat note at 69.83 a dollar.

Business

Fitch projects rupee to weaken to 75 against dollar by 2019 end

The domestic unit is one of the worst performing currency against the USD in Asia so far.

6 Dec 2018 2:17 PM IST

Business

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 IST

In its first board meeting after a controversy erupted involving Chanda Kochhar and the Videocon Group, leading private lender ICICI Bank examined insolvency cases pending before the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016.

Business

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 IST