Fitch

Relief measures underscore Indian banks' challenges despite improved FY21 performance: Fitch

Relief measures underscore Indian banks' challenges despite improved FY21 performance: Fitch

Indian banks' improved performance for the financial year ended March 2021 (FY21) is in contrast to stress evident from extension of Covi...Read More

Average Indian household to spend 35.3% of budget on food in 2025: Fitch

Average Indian household to spend 35.3% of budget on food in 2025: Fitch

The average Indian household will spend 35.3 per cent of total household budget on food in 2025, increasing by 2.1 percentage points from...Read More

PSU bank privatisation plan could face hurdles amid Covid: Fitch

PSU bank privatisation plan could face hurdles amid Covid: Fitch

Fitch Ratings on Monday said the plan to privatise two state-owned banks in the current financial year ending March 2022 could face delay...Read More

India's auto demand to recover despite COVID second wave: Fitch

India's auto demand to recover despite COVID second wave: Fitch

A less severe economic impact from the pandemic's second wave and resilient buyer sentiment will support a swift rebound in India's autom...Read More

Central bank digital currencies may disrupt financial systems: Fitch

Central bank digital currencies may disrupt financial systems: Fitch

The broader adoption of general-purpose central bank digital currencies (CBDCs) will present authorities with trade-offs between the asso...Read More

Policy watch: Agenda #2 – CEZs can help India revive from its continuous decline

Policy watch: Agenda #2 – CEZs can help India revive from its continuous decline

“For God's sake, let us sit upon the groundAnd tell sad stories of the death of kings ...”- Richard II, William ShakespeareCould the CEZ ...Read More

Fitch affirms BBB- rating, says COVID surge may delay economic recovery

Fitch affirms BBB- rating, says COVID surge may delay economic recovery

Fitch Ratings on Thursday said the resurgence of COVID-19 infections may delay India's economic recovery, but won't derail it, as it kept...Read More

India remains badly placed to tackle COVID spread: Fitch Solutions

India remains badly placed to tackle COVID spread: Fitch Solutions

After some success in curbing the virus considerably, India's economy had returned to functioning normally by the second half of 2020.

Second Covid wave heightens risks for India's banks: Fitch

Second Covid wave heightens risks for India's banks: Fitch

Accordingly, Fitch expects a moderately worse environment for the India's banking sector in 2021, but headwinds would intensify should ri...Read More

NBFIs face renewed asset quality risks amid second COVID wave: Fitch Ratings

NBFIs face renewed asset quality risks amid second COVID wave: Fitch Ratings

Non-banking finance companies face renewed asset quality and liquidity risks amid a second wave of COVID-19, Fitch Ratings said on Thursd...Read More

Fitch revises India GDP growth to 12.8% for FY22

Fitch revises India GDP growth to 12.8% for FY22

Fitch Ratings has revised India's GDP growth estimate to 12.8 per cent for the fiscal year beginning April 1 from its previous estimate o...Read More

Budget 2021: High fiscal deficit may invite rating agencies' ire, Fitch may downgrade

Budget 2021: High fiscal deficit may invite rating agencies' ire, Fitch may downgrade

Global rating agencies may view the fiscally expansive budget proposals "negatively" and there is a risk of one of them downgrading India...Read More

India's medium-term growth to slow to around 6.5% after initial rebound: Fitch

India's medium-term growth to slow to around 6.5% after initial rebound: Fitch

The Indian economy will suffer lasting damage from the coronavirus crisis, with growth slowing down after an initial strong rebound next ...Read More

India's COVID-19 vaccination drive will be the largest in the world: Fitch

India's COVID-19 vaccination drive will be the largest in the world: Fitch

Singapore: India's role in the global Covid-19 vaccine rollout will be significant both as a recipient of the medicine as well as a produ...Read More

Aviation sector recovery to be gradual, says Fitch

Aviation sector recovery to be gradual, says Fitch

Mumbai: Fitch Ratings expects average revenue passenger kilometres for India's airlines to remain 40 per cent below 2019 levels in 2021 d...Read More

Fitch raises India's FY21 GDP forecast to (-) 9.4%

Fitch raises India's FY21 GDP forecast to (-) 9.4%

"We now expect GDP to contract 9.4 per cent in fiscal year to end March 2021, followed by (+) 11 per cent and (+) 6.3 per cent in the fol...Read More

Fitch affirms SBI's IDR at BBB-minus with negative outlook

Fitch affirms SBI's IDR at BBB-minus with negative outlook

Fitch Ratings has affirmed State Bank of India's (SBI's) long-term issuer default rating at BBB-minus with a negative outlook.The agency ...Read More

Fitch expects marketing, refining volume of oil firms to fall 15% in FY21

Fitch expects marketing, refining volume of oil firms to fall 15% in FY21

With coronavirus lockdowns pummelling fuel demand in India, Fitch Ratings expects the marketing and refining volume of state-owned oil fi...Read More

Navi Mumbai: Rating agency Fitch affirms NMMC at ‘AA+/Stable’

Navi Mumbai: Rating agency Fitch affirms NMMC at ‘AA+/Stable’

FITCH has given an ‘AA+/Stable’ rating to Navi Mumbai Municipal Corporation (NMMC) for its financial performance during 2019-20, which ca...Read More

India's FY21 cement consumption expected to drop by over 15%

India's FY21 cement consumption expected to drop by over 15%

India's cement consumption is expected to drop by more than 15 per cent in FY21 due to weak property demand and a sluggish construction c...Read More

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