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PSU Bank Privatisation Plan Could Face Hurdles Amid Covid: Fitch

'The Indian government's plan to privatise two state-owned banks in the current financial year (FY22, ending March 2022) could face delays amid renewed challenges for the Indian banking sector,'

MSME - As An Economic Engine

Srinath Sridharan

Opinion Columns

Much often, China is a compulsory paragraph in Indian conversations around economic growth and future economy. Is “Overtaking China” – a comparison, a mission, a fixation or a competitive-benchmark ?

India Remains Vulnerable To Further Waves Of COVID-19: Fitch

BW Online Bureau

Economy India

India's slow pace of vaccination means that the country could remain vulnerable to further waves of the pandemic even once the current surge subsides

Economic Activity Down In April, May But Shock Less Severe Than 2020: Fitch

BW Online Bureau

Economy India

RBI has also allowed funding by small finance banks to smaller microfinance institutions (MFIs) for on-lending to be classified as priority-sector lending.

Expect Moderately Worse Banking Sector Outlook For Next Fiscal: Fitch

BW Online Bureau

Companies & Markets Sector Reports

The state's less-than-adequate recapitalisation plans for its banks further underscores the risk, which will likely keep risk aversion high among banks amid continuing uncertainty about asset quality and an uneven economic recovery.

Global Container Shipping Rates High But Unsustainable: Fitch

ANI

Companies & Markets Sector Reports

Container box shortages and port congestions due to pandemic-related operational disruptions have extended container ships' turnaround times, further increasing freight rates.

Reliance's Proposed Business Reorganisation Credit Neutral: Fitch

ANI

The transfer will be on a slump sale basis subject to attaining the requisite approvals. The consideration for transfer will be in the form of long-term interest-bearing debt of 25 billion dollars to be issued by O2C to RIL.

Fitch rates REC Ltd's proposed USD notes BBB-minus

ANI

Fitch rates REC Ltd's proposed USD notes BBB-minus

Stranded assets a long-term risk for major fossil fuel exporters: Fitch

ANI

Stranded assets a long-term risk for major fossil fuel exporters: Fitch

Fitch upgrades Jubilant Pharma to BB with stable outlook

ANI

Fitch upgrades Jubilant Pharma to BB with stable outlook

Fitch Lower Risks For Redit Metrics Of Indian Oil Marketing Firms

ANI

Companies & Markets Sector Reports

Fitch expects HPCL's credit metrics including the proportionate consolidation of subsidiary HPCL-Mittal Energy Ltd to remain above the levels appropriate for its standalone credit profile of bb during FY22.

Passenger Vehicle Sales Up 11 Pc In January: SIAM

ANI

Economy India

Total sales in January including those of passenger cars, two- and three-wheelers witnessed a growth of 4.97 per cent year-on-year. About 17.32 lakh units were sold in January 2021 as against 16.5 lakh units in January 2020.