LIVE MARKET TRACKER :   BSE SENSEX   32584.35      |    NSE NIFTY 10210.85    
GLOBAL MARKETS :  NASDAQ 6632.1147   +0.1277%    |    FSI London 7542.87   +0.36%    |    NIKKEI Japan 21363.05   +0.13%
  USD GBP EUR CAD AUD INR
USD - 0.7577 0.8486 1.2477 1.2749 65.1090
GBP 1.3198 - 1.1194 1.6467 1.6824 85.7660
EUR 1.1790 0.8933 - 1.4710 1.5028 76.5908
CAD 0.8016 0.6079 0.6800 - 1.0221 52.0670
AUD 0.7845 0.5946 0.6656 0.9788 - 50.9800
INR 0.0154 0.0117 0.0131 0.0193 0.0197 -
Indian-Commodity  :  Economy  :  Indian banks credit worth Rs 2.60 lakh crore could turn stressed by FY19: Ind-Ra

Indian banks credit worth Rs 2.60 lakh crore could turn stressed by FY19: Ind-Ra (18-May-2017)

Credit rating agency, India Ratings and Research (Ind-Ra) in its latest report has said that corporate and small and medium enterprise (SME) loans aggregating to Rs 2.60 lakh crore, which is 3.2 percent of total bank credit, could potentially be recognized as stressed loans by FY19. It noted that Indian banks are sitting on unrecognized stressed loans worth of Rs 7.7 lakh crore. It pegs stressed corporate and SME debt at 22 percent of total bank credit and the recognised stressed corporate and SME loans in the system currently stands at around 12 percent of total bank credit.

The report highlighted that the impaired assets will peak at 12.5-13 percent by fiscal 2019. It also estimated that out of the total unrecognized stressed book that banks are sitting on, around 1.8% is to stressed public sector units, around 2% of it either enjoys some group support and could flow to joint lender forum or would be subject to asset sale, around 2.9% could be the addition to the restructured book from infrastructure projects and 3.2% is the potential slippage in next 12-18 months.

The credit rating agency further said that the sectors which have the highest unrecognised stressed exposure include infrastructure, power, telecom and real estate among a few other sectors. It also elaborated that while the iron and steel sector has seen lot of stress recognition in the asset quality review exercise conducted by the Reserve Bank in the last fiscal, provisioning continues to remain inadequate considering higher loss given default estimates. It added that some sectors including infrastructure, real estate among others have lower amount of stress recognised as in many cases they enjoy group support.


Top News Today
Suven Life Sciences secures product patent in Singapore
(18-Oct-2017)

Suven Life Sciences secures product patent in SingaporeSuven Life Sciences has secured one product patent from Singapore corresponding to the New Chemical Entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases and these Patents......click on news to read complete article.

Jubilant Life Sciences issues commercial papers worth Rs 50 crore
(18-Oct-2017)

Jubilant Life Sciences issues commercial papers worth Rs 50 croreJubilant Life Sciences has issued Commercial Papers (CPs) aggregating to Rs 50 crore on October 17, 2017. The company has issued two commercial papers of Rs 25 crore each providing an interest rate of......click on news to read complete article.

Peninsula Land receives Rs 200 crore from Godrej Skyline for Pune land
(18-Oct-2017)

Peninsula Land receives Rs 200 crore from Godrej Skyline for Pune landPeninsula Land has received Rs 200 crore out of the total consideration of Rs 226 crore from Godrej Skyline Developers for sale of property situated at Village Mamurdi, Taluka Haveli, District - Pune,......click on news to read complete article.

International Stock News
Asian markets trade mostly lower in early deals on Wednesday
(18-Oct-2017)

Asian markets trade mostly lower in early deals on WednesdayMost of the Asian equity benchmarks are trading lower in the early deals on Wednesday with investors trading cautiously as China's President Xi Jinping spoke at the beginning of the Communist Party's 19th......click on news to read complete article.

US markets closed mostly higher on round of positive earnings report
(18-Oct-2017)

US markets closed mostly higher on round of positive earnings reportThe US markets closed mostly higher on Tuesday, with both the Dow and the S&P 500 finishing at records as a round of positive earnings report from major companies boosted positive sentiment and......click on news to read complete article.

Asian markets trade mostly higher in early deals on Tuesday
(17-Oct-2017)

Asian markets trade mostly higher in early deals on TuesdayMost of the Asian equity benchmarks are trading in green in the early deals on Tuesday, with the fresh record highs on Wall Street and firm commodity prices boosting investors' sentiments. Comments by......click on news to read complete article.

 

     
  
Recent Economy News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.