CARE Ratings Ltd News Today

Main economy drivers are agriculture and industry

AIRA, incorporated as a Section 8 (not-for-profit) company, is expected to work closely with the regulator and the government for development of debt market

The association has been floated with an Authorised Share Capital of Rs 5 lakh

The second wave of Covid-19 has pulled back the recovery gains with subsequent impact on asset quality, Says the credit rating agency

The second downward revision within a month comes in the wake of surge in Covid cases and subsequent curfews and lockdowns in States

CARE expects demand for private investment to rise as the economy is expected to grow at 10-10.5% in FY22, which will require support from banks

At the lower end, it could mop up ₹6,400 cr; the banks in question are IOB, BoI, Bank of Maharashtra, Central Bank of India

Post IL&FS and DHFL events, the market funding conditions turned difficult for NBFCs