Indian small finance banks to grow their advances 25-27 pc this fiscal: Report
SFBs are expected to grow their advances by a robust 25-27 per cent this fiscal, according to a CRISIL Ratings report.
SFBs are expected to grow their advances by a robust 25-27 per cent this fiscal, according to a CRISIL Ratings report.
These states, which account for over 90 per cent of India’s gross state domestic product, grew at 7.5 per cent last fiscal, according to the CRISIL Ratings report.
In a recent report, rating agency CRISIL has said the costlier onion, tomato and potato have spiked the cost of a home-cooked vegetarian thali by 8% in April to Rs 27.4 compared to Rs 25.4 in the same month last year.
The report points out that Indian airlines, such as Air India and IndiGo, are strategically adding new aircraft to their fleets and launching new international routes which are cutting travel time.
The revision in the rate of tax collected at source (TCS) on overseas travel packages may not have a material impact on demand.
The cost of preparing a vegetarian thali at home has gone up by 34 per cent while that of a non-vegetarian thali went up by 13 per cent in July as compared to the input prices that prevailed in June 2023, CRISIL said in a report.
Revenues of multiplexes are set to cross pre-pandemic levels this financial year 2022-23 as more people are queuing up to watch movies after the pandemic-forced hiatus, said rating agency CRISIL Ratings.
The gross non-performing assets (NPA) of the banks are expected to improve 90 basis points on-year to 5 per cent this fiscal year and another 100 basis points to a decadal low of 4 per cent by next fiscal, rating agency CRISIL said in a release.
Last month, the telco had reported a net profit of Rs 759 crore for the January-March quarter.
Crisil said it rates 6,800 mid-size companies, excluding those engaged in the financial sector, and 4,700 of those are small and medium enterprises (SMEs).
