Search For "fitch ratings"
With moderation in inflation India will see higher consumer spending: Fitc
Updated : 1 year, 9 months ago IST
The rating agency has elevated India's growth forecast by 20 basis point to 7.2 per cent for fiscal year 2024-25. Earlier in March Fitch has forecasted India's growth at 7 per cent.
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Global growth to moderate in 2025; US, China to decelerate to 1.5% and 4.5
Updated : 1 year, 9 months ago IST
Fitch projects a moderation in global growth for 2025 to 2.4 per cent as US economic expansion decelerates to a below-trend rate of 1.5 per cent, and China's growth slows further to 4.5 per cent due to declining exports and reduced government spending. Meanwhile, the eurozone is forecasted t
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July budget to offer insights into govt reforms: Fitch Ratings
Updated : 1 year, 9 months ago IST
According to Fitch Ratings, this outcome is expected to maintain broad policy continuity but poses challenges for advancing ambitious reforms due to the coalition dynamics and a weakened mandate.
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Fitch maintains India's rating at BBB-Stable, as coalition govt takes s
Updated : 1 year, 9 months ago IST
Fitch Ratings has maintained its assessment of India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook, despite the coalition government following the recent election results.
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RBI's Rs 2.11 lakh dividend provides near term support to fiscal performan
Updated : 1 year, 10 months ago IST
The Rs 2.11 lakh all-time high dividend by Reserve Bank of India, will help the government in maintaining the fiscal deficit at targeted 5.1 per cent for the year 2024-25. Fitch Ratings says, the high dividend by RBI could even lower FD below the target.
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RBI's red flag on non-bank lenders raises volatility, Fitch says
Updated : 1 year, 10 months ago IST
The RBI recently clarified that NBFIs should comply with existing regulatory caps on disbursal of loans in cash to below Rs 20,000 (around USD 240). This compares to a higher Rs 200,000 cap on general cash transactions for individuals, which some lenders, the rating agency said, had adopted
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Asset quality issue at Indian banks subsiding, bolstering appetite for gro
Updated : 1 year, 10 months ago IST
Asset quality pressures are subsiding at Indian banks, creating a favourable business environment and bolstering banks' potential and appetite for growth, said Fitch Ratings on Monday.
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Higher generation capacity, gas-based plants to help meet India's high sum
Updated : 1 year, 11 months ago IST
Fitch Ratings expects India's power demand to rise by 7-8 per cent year-on-year in second quarter of 2024 due to robust industrial activity, strong GDP growth and the Indian Meteorological Department's (IMD) forecast of above-normal temperatures during the summer months.
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Fitch Ratings affirms stable outlook for key Indian banks amid economic tu
Updated : 1 year, 11 months ago IST
The ratings agency affirmed various credit ratings for these institutions, signaling confidence in their financial stability despite ongoing economic challenges.
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Fitch downgrades outlook on China to negative
Updated : 1 year, 11 months ago IST
Ratings agency Fitch revised its outlook on China's sovereign credit rating to negative from stable, citing risks to the country's public finance outlook and amid a transition away from real estate sector-led growth.
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Indian banks expected to maintain profitability amid margin pressure: Fitc
Updated : 1 year, 12 months ago IST
According to Fitch, while net interest margins (NIMs) are anticipated to narrow by 10 to 20 basis points over the next two years from the current cyclical peak of 3.6 per cent in the nine months of the financial year ending March 2024 (9MFY24), the sector's earnings resilience will persist.
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Indian banks' profitability to remain resilient despite margin pressure: F
Updated : 1 year, 12 months ago IST
Profitability of Indian banks is likely to continue to improve, although net interest margin (NIM) compression will limit earnings upside over the medium term, according to Fitch Ratings.
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