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Funding India s clean energy transition - The Hindu BusinessLine

Funding India’s clean energy transition Needed, a flood of funds   -  istock.com/Pogonici× As the financing requirement will be huge, the way forward is to focus on subsidised credit enhancement and green taxonomy India’s commitment to energy transition remained steadfast even amid the Covid-19 pandemic with 22 GW capacity sanctioned at renewable energy (RE) auctions in 2020. However, the capacity of domestic financial institutions to fund this energy transition has not remained unscathed. The RBI’s January 2021 Financial Stability Report indicates that gross non-performing assets of the banking system are set to rise from 7.5 per cent (of total advances) in September 2020 to 13.5 per cent by September 2021.

KBRA Assigns Preliminary Ratings to Mercury Financial Credit Card Master Trust, Series 2021-1

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes that will be issued from Mercury Financial Credit Card Master Trust, Series 2021-1 ("MFCCMT 2021-1"), a credit card asset-backed securities transaction. The ratings reflect the initial credit enhancement levels ranging from 33.25% for the Class A notes to 5.00% for the Class D notes. Credit enhancement on the notes consists of i) subordination (except for the class D notes) ii) excess spread generated by the pool of credit card receivables and iii) a reserve account (if funded after the closing date).

Nation achieves 2020 goal for credit expansion

Nation achieves 2020 goal for credit expansion By CHEN JIA | China Daily | Updated: 2021-01-14 09:03 Share CLOSE A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. [Photo/China News Service] China achieved its credit expansion target for 2020 by using a large amount of funds to stabilize the economic recovery and limit damages from the novel coronavirus pandemic, before returning to normalcy, experts said on Wednesday. New yuan-denominated loans issued by Chinese financial institutions stood at 19.63 trillion yuan ($3.03 trillion) in 2020, up by 2.82 trillion yuan on a yearly basis, according to data released by the People s Bank of China, the central bank, on Tuesday.

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