Indian banks face USD65 billion capital shortage by FYE19

Newsroom24x7 Network Mumbai/Singapore: Indian banks are likely to require around USD65 billion of additional capital to meet new Basel III capital standards that will be fully implemented by the financial year ending March 2019 (FY19), according to Fitch Ratings’ latest estimates. According to Fitch, weak capital positions have a major negative influence on Indian banks’… Read More Indian banks face USD65 billion capital shortage by FYE19

Coal-fired plant load factor  in India falls by 2.1 percent point in the first half of 2017

Newsroom24x7 Network About 24% of households in India are yet to be electrified. Sporadic outages continue to plague the country. New Delhi: Though the overall coal-fired plant load factor (PLF) in India fell by 2.1 percentage point (pp) year over year (yoy) to 60% in the first half of 2017, with the gas based PLF… Read More Coal-fired plant load factor  in India falls by 2.1 percent point in the first half of 2017

Fitch downgrades Reliance Communications Limited’s Default Ratings

Newsroom24x7 Network Singapore/Hong Kong: Fitch Ratings has downgraded India-based Reliance Communications Limited’s (Rcom) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘CCC’ from ‘B+’. Fitch has also downgraded the rating on Rcom’s USD300 million 6.5% senior secured notes due 2020 to ‘CCC/RR4’ from ‘B+/RR4’. The Rating Watch Negative on the IDRs and notes, which… Read More Fitch downgrades Reliance Communications Limited’s Default Ratings