Government may frontload its Bank Recapitalisation Plan
SECTIONS
Share
Synopsis
Additionally, when the government selects the two candidates for bank privatisation, it may shore up their capital to strengthen their balance sheets and make them more attractive to prospective investors.
Agencies
In a recent report, India Ratings and Research noted that equity infusion in four public sector banks through non-interest-bearing bonds would bolster their regulatory capital levels, but their lower intrinsic values would not strengthen their tangible equity by as much.
INSIGHTS
NSE
Explore Now
The government may frontload its bank recapitalisation plan this year to strengthen weaker lenders and further support its privatisation strategy.
Cost of vaccinating India s entire population above 18 years 0.36% of GDP: India Ratings and Research
SECTIONS
Cost of vaccinating India s entire population above 18 years 0.36% of GDP: India Ratings and ResearchBy
Share
Synopsis
Out of the Rs 46,323 lakh crore that the states would have to spend on vaccinating those in the 18-44 age group, the highest burden would fall on Bihar at 0.6% of gross state domestic product (GSDP), followed by Uttar Pradesh at 0.47% and Jharkhand at 0.37% of GSDP each.
The Centre had already spent Rs 5,090 crore on procuring 214 million doses from SII in two batches at a cost of Rs 236 and Rs 244 per dose, respectively.
India Ratings assigns IND AA rating to Sobha with stable outlook
SECTIONS
Share
Synopsis
Ind-Ra expects Grade-A real estate players such as Sobha likely to see a 49% jump in floor space sold in FY22.
ETRealty
INSIGHTS
NSE
Explore Now
BENGALURU: India Ratings and Research (Ind-Ra) has assigned Sobha Limited a long term issuer rating of ‘IND AA, with stable outlook.
The rating was based on strong performance shaped by the real estate firm. The consolidated net debt/net adjusted working capital was 0.64x at FY20 as compared to 0.64x in FY19. Ind-Ra expects the ratio to have improved to 0.59x at FYE21 and to further reduce to 0.52x FYE22 respectively, as the net debt continues to decline, it mentioned.
Synopsis
Non-Grade I players are also likely to see their sales rising by 26% in FY22 after a 39% decline in FY21. Demand-side risks combined with the continuing uncertainty over credit availability for the sector in the light of increasing risk aversion by financial institutions.
Getty Images
India Ratings and Research (Ind-Ra) has revised the real estate sector outlook to improving for the financial year 2021-22, and has divided the rating Outlook as Positive for the grade I players, while maintaining a Negative Outlook for non-grade I players during March 2021.
The ratings agency expects FY22 to see an increase in sales by 30% from a year ago. The recovery will likely be dominated by grade I players, whose sales are likely to grow by 49% on year in FY22 after a 14% on-year increase in FY21.
Mumbai (Maharashtra) [India], March 11 (ANI): India Ratings and Research (Ind-Ra) expects the commercial real estate sector to show stable performance in the financial year 2021-22 but under construction projects are likely to face stress.