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ACUITE RATINGS AND RESEARCH
Senior citizen FD interest rate hike: This NBFC is now offering up to 7.75% interest rate to senior citizensBajaj Finance has boosted interest rates on its 31-60 month fixed deposits to 7.40%, with senior citizens now earning up to 7.75%. These re...
Financial services firm Fibe gets rating upgrade from two agenciesOne rating agency upgraded the rating to A-, while the other agency upgraded it to 'A'
The governance challenge: Focus on ‘G’ factor in ESG to be critical for MSMEs, says Acuité’s Sankar ChakrabortiTo help MSMEs achieve better ESG ratings and secure cost-effective lending, financial transparency is critical for MSMEs, says Sankar Chakr...
Suvita Real Estates plans NCD issue to raise Rs 105 crThe bonds have step-up pricing such that the real estate company will pay investors 17.25% for 12 months and 20.25% between 13 and 15 month...
Satya MicroCapital raises $60 million from Japan's Sumitomo Mitsui Banking CorporationThe funding will help the New Delhi-based micro loan provider to expand its portfolio. Satya has assets under management of nearly Rs 5000 ...
Microfinance lenders need to raise fresh capital in FY25According to Acuite Ratings & Research, pure-play microfinance lenders in India will need to raise fresh capital in FY25 to sustain their g...
Edelweiss Financial Services to raise funds via non-convertible debenturesThe company is offering bonds maturing in 24 months, 36 months, 60 months and 120 at an annual yield in the 8.94% to 10.46% range for inves...
India's GDP to grow 7 per cent in FY23, 6 per cent in FY24: Acuite RatingsThe credit rating agency, however, projected the country's economic growth trajectory in FY24 to slow down to 6 per cent. As per Acuite Rat...
RBI notifies revised list of accredited credit rating agenciesOn a review, banks are advised to use the ratings of the following domestic credit rating agencies for risk weighting their claims for capi...
Sterling and Wilson Renewable Energy zooms 5% as loss narrows in Jan-MarSterling and Wilson Renewable’s scrip climbed to a high of Rs 360.55 as against Rs 344.75 at previous close on the BSE. The stock was last ...
Commercial vehicle volumes set to pick up on economic revivalIn terms of domestic PV segment, the agency said that its volumes continued to reveal a slowdown in October 2021 as reported by the top 14 ...
Acuite Ratings joins hands with United Nations for ESG in a firstIt will act as a signatory to PRI’s “ESG in Credit Risk and Ratings Statement”. Fitch, Moody’s, S&P Global, Kroll Bond are among others, wh...
Edelweiss' Rs 400 crore public NCD oversubscribedRetail category oversubscribed by 1.74 times and almost 50 per cent of the total issue size got subscribed for 5-year and 10-year tenure, a...
Covid 2.0 unleashes credit stress on MFIs, small NBFCsA report by Acuite Ratings said that collection efficiencies which were seen recovering above 90 per cent in Mar-21 have dropped to between...
Rating companies form umbrella organisation in a firstThis is the first time that such a self-regulatory body has been formed for rating agencies, like the ones for the mutual fund industry, bo...
How India stands among peers for bond raisingPension funds and insurance regulators are key to narrowing the gap between top-rated and non-AAA rated bonds, according to experts.
India can reduce $8.4 billion imports from China over fiscal FY22: Acuite RatingsIndia's imports from China totalled $65.1 billion in fiscal 2020 and exports at $16.6 billion.
Lockdown: Large retail-focused NBFCs facing cash flow difficulties; debt servicing a challengeDue to the ongoing lockdown, the primary cash flows of the NBFCs have been disrupted as their collections have come to a standstill, accord...
Steel sector may face short-term disruption in iron ore supplies with 232 mines expiry: ReportConsequently, any significant delay with respect to auctions and more specifically lease transfers will affect iron ore supply and prices, ...
Auto sector's contribution to GDP may slip to 7% this fiscal: Acuite RatingsIn the second quarter (July-September) of this fiscal itself, the ratings firm expects OEM revenues to drop by 23-25% to Rs 0.6 trillion as...