180 bps more NPAs likely for NBFCs, says ICRA

The non-performing assets of non-banking finance companies are expected to increase because of the revised rules for recognition and upgradation of bad loans, the rating company said. It has projected the NPAs of NBFCs to increase by 160-180 basis points by the end of March 2022 as compared to a year ago. For housing finance … Read more

180 bps more NPAs likely for NBFCs, says ICRA

The rating company said the non-performing assets for NBFCs are likely to increase after the revised bad debt recognition and upgradation norms. It projected an increase of 160-180 basis points in NPAs for NBFCs by the end of March 2022 from the level of March 2021. NPAs of housing finance companies (HFCs) are expected to … Read more

Stocks in the news: Vodafone Idea, Escorts, CAMS, Ruchi Soya and Macrotech

Nifty futures were trading 55 points or 0.30 per cent higher at 18,194 on the Singapore Exchange, indicating that Dalal Street was headed for a positive start on Tuesday. Here are a dozen stocks that may be the most discussed in today’s trading: Vodafone Idea: A senior company official said the debt-ridden telecom operators are … Read more