Dena's net NPAs have deteriorated sharply from 3.80% in March 2015 from 11.20% in June 2017.
Government will continue to be measured in their approach towards PSU banks. I think they will encourage consolidation, said Ananda Bhoumik.
Highly leveraged stressed companies will drag down investment recovery, says India Ratings & Research.
Bank credit growth also has remained anaemic at around 6% due to weak investment demand.
Lending rates should factor in that credit costs vary with loans and banks, they argue.
Crisil upgraded 817 firms and downgraded 434 in the first half of FY18 for a credit ratio of 1.88x.
Khanna was so far in charge of India along with his Asia Pacific responsibilities and will hand over his responsibilities in India to Gopal.
Crisil said it had upgraded 817 firms and downgraded 434 firms in the first half of fiscal 2018.
A study by the central bank-funded CAFRAL showed that ECBs were utilised heavily until 2012.
The limits for foreign ownership on bond holdings in both the central and the state govt securities have also been raised.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon