Tag: ICRA

ICRA Predicts Around 25% Drop in Passenger Vehicle Segment
Sectors, Automotive

ICRA Predicts Around 25% Drop in Passenger Vehicle Segment

SMEStreet Edit Desk- October 15, 2020

"The industry segment's fortunes are tied with the GDP growth rates and overall consumer sentiments which are currently at historic lows; this recessionary environment has ... Read More

Electric Vehicles Penetration to Remain Low in Medium Term: ICRA
Energy, EcoTech

Electric Vehicles Penetration to Remain Low in Medium Term: ICRA

SMEStreet Edit Desk- September 22, 2020

The agency said that that battery swapping will face strong resistance from automobile OEMs due to a possible impact on their product differentiation capabilities as ... Read More

ICRA Upgrades Yes Bank’s debt Instrument’s Rating
InFocus, Banking & Finance

ICRA Upgrades Yes Bank’s debt Instrument’s Rating

SMEStreet Edit Desk- September 12, 2020

The agency also factored in the improvement in the bank's liquidity position after the stability and subsequent increase in its deposit base. Besides, the bank ... Read More

Air Passenger Traffic Grows Around 25 % Sequentially in Aug: ICRA
News, COVID-19

Air Passenger Traffic Grows Around 25 % Sequentially in Aug: ICRA

SMEStreet Edit Desk- September 8, 2020

"The number of flights departing has also gradually increased from 416 on Day 1 to 1,156 on Day 101 (September 2 ). For August, the ... Read More

Asset Quality Risks is Still Haunting NBFCs & Banks: ICRA
Banking & Finance, Finance

Asset Quality Risks is Still Haunting NBFCs & Banks: ICRA

SMEStreet Desk- August 6, 2020

"This is due to the fact that the last 10-15 percentile of the borrowers who continue to opt for the moratorium will be more vulnerable ... Read More

Port Sector to Witness Cargo Volume Contraction: ICRA
Logistics, Sectors

Port Sector to Witness Cargo Volume Contraction: ICRA

SMEStreet Edit Desk- July 4, 2020

"The recovery in port sector will be contingent on the pace of recovery of the domestic industrial activity and the global economy," said Ankit Patel, ... Read More

ICRA Predicts Bank NPAs May Rise to 11.6% by March 2021
News, Analysis

ICRA Predicts Bank NPAs May Rise to 11.6% by March 2021

SMEStreet Edit Desk- June 5, 2020

"The uncertainty on the asset quality of banks remains high with almost 30-40 per cent of loan book across various banks under moratorium announced by ... Read More