Tag: rating agencies
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Economy towards big decline
(Deepshikha Gautam, Intern Journalist) New Delhi: Rating agencies have forecast a major decline in the Indian economy from the Corona epidemic and lockdown. The Fitch rating forecasts a steep 10.5% drop in the Indian economy in the current financial year 2020-21. At the same time, India’s rating has predicted a steep drop of 11.8%. Goldman…
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FITCH says NPA may reach 6 percent
Ratings agency Fitch warned in a report on Thursday that banks may face major challenges in recovering loan installments by lending under the government’s stimulus package of around Rs 21 lakh crore. Due to this, their trapped debt or NPA ratio could increase to six percent during the next two years. Fitch Ratings said that…