Search result for 'icra ratings'

Icra Ratings says Maharashtra's new welfare schemes are unlikely to impact state finances despite concerns over their cost. The agency cites the state's strong fiscal position and limited welfare...

Gold loans by banks and NBFCs are set to reach Rs 10 lakh crore by FY25-end, driven by rising gold prices and strong demand. Icra expects further growth in the coming years.

Icra Ratings forecasts a slowdown in NBFC asset growth in FY25, with NPAs expected to rise due to factors including regulatory measures and concerns over unsecured and top-up loans. The sector...

State borrowing costs fell to a 32-week low of 7.40% on Tuesday, driven by lower supplies and a decrease in auctioned debt. Interest rates have been trending downward since February, after the...

State borrowing costs have fallen for the third consecutive week, reaching 7.44% in Tuesday's debt auction. The decline follows a lower-than-anticipated borrowing forecast in the interim Union Budget.

India's commercial vehicle industry is expected to see a decline in volumes in FY25 due to a high base effect and the impact of the general elections. Read more on Icra's forecast.

Economists praise India's interim budget, highlighting the government's commitment to fiscal consolidation and realistic deficit projections. Experts see this as a positive sign for economic...

State revenue growth has slowed to 5% in the first eight months of FY24, falling short of the budgeted 17.4%. Lower-than-budgeted SGST, excise duty, and sales tax collections are to blame.

ICRA's profit fell by 17% in the December quarter to Rs 32.41 crore due to higher expenses. However, revenue rose by 11.3% to Rs 114.6 crore. Read more.

States' loan guarantees to entities have more than tripled in FY23, reaching Rs 9.4 lakh crore. The increase highlights potential risks to states' fiscal health and calls for robust monitoring and...

India's stock market rally has led to a surge in margin trading, with brokers' margin funding book reaching a record Rs 54,537 crore in January 2024. This growth is driven by improved investor...

Indian states continue to face elevated borrowing costs with the average coupon rate for state government securities remaining at 7.69% at the latest auction. Read more.

Indian states are likely to miss their capital expenditure targets due to declining revenue and upcoming elections, according to Icra Ratings. Learn more about the impact on state finances.