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Centrum Broking

23 Feb 2022

Stocks to buy in 2022: ICICI Bank, ITC among Centrum Broking’s 'top picks'

For LIC Housing, UTI Asset Management Committee, and Care Ratings, it recommended buy at Rs 387, Rs 870, and Rs 512. In the FMCG space, its top picks are ITC and Titan, whereas Coal India in the metal sector.

19 Jun 2021

Credit growth in FY22 to be in low double-digit: Care Ratings

Bank deposits have increased by Rs 13.6 lakh crore over the previous year. The result of this on bank credit will be known after reviewing the additions in bank credit by June-end. The lower growth rate y-o-y in deposits can be partly attributed to base effect and fall in deposits rate of banks.

16 May 2021

GDP growth may be below 9% in FY22 due to 2nd COVID-19 wave: Survey

According to the study, the majority of respondents expect the lockdown announced by several states will stay till May-end. Altogether, 54 percent of the people, who participated in the survey, believe that the lockdown is a solution to the current COVID-19 situation in the country, it said. Little more than three-fourth of the respondents feel that the current lockdown is not as stringent as the restrictions imposed last year, it added.

26 Apr 2021

Bank credit grows 5.33%; deposits rise 10.94%

The agency said bank credit growth is likely to increase in FY22, given the growth in the economy and the base effect coming into play. The downside risks include lockdowns in key states, which may impact the industrial as well as the service segments.

Loan recast norms

13 Oct 2020

Pandemic-induced loan recast to take GNPAs to 11.5% by March: Care Ratings

India's GNPAs rose steadily from Rs 7.1 lakh crore in Q4 of FY17 to Rs 8.8 lakh crore in Q3 of FY18, and spiked to Rs 10.2 lakh crore in Q4 of FY18 The highest incremental NPA addition of Rs 1.4 lakh crore was in Q4 FY18, after which the numbers began to moderate and came down to Rs 8.4 lakh crore in Q1 of FY21 GNPAs of private sector lenders remained steady at Rs 2 lakh crore between September 2017 and September 2019

18 Jul 2019

CARE Ratings sends CEO Rajesh Mokashi on leave over anonymous complaint

CARE Ratings has named Executive Director (Ratings) TN Arun Kumar as its interim chief executive officer.

Banks net profit

07 Nov 2017

Banks' net profit declines by 18% in Q2: CARE Ratings

The review is in the backdrop of slowdown in deposit and credit growth, reduction in base rate, repo rate, marginal cost of fund based lending rate (MCLR) and term deposit rate.

30 Oct 2017

Jobless growth is for real, says rating agency Care

Banking is the highest among sectors when it comes to generating employment, with a 21.3 per cent share, and is followed by IT, mining, healthcare and textiles.

21 Aug 2017

GST pulls down India Inc net by 15.7% to Rs 87,475 crore in Q1

According to an analysis of 2,108 companies by credit rating agency Care Ratings, the corporate net profits stood at about Rs 1.04 lakh crore in April-June period of 2016-17.

14 May 2015

RBI may cut rates by 0.25% in policy review: Care Ratings

The Reserve Bank of India (RBI) may cut interest rates by 0.25 percentage point as inflation is firmly under the desirable limit, credit rating agency Care Ratings said here.

12 May 2015

CARE Ratings' Q4 net dips 15% at Rs 35 crore

Credit Analysis and Research (CARE) has registered a 15 percent dip in its net profit at Rs 35.09 crore in the fourth quarter ended March 31, 2015 on account of fall in investment income.

26 Dec 2014

Rabi sowing marginally lower than last year: Care Ratings

Rabi season accounts for roughly half of the overall agricultural production, compared to last year.

Import duty hike on sugar

16 Jul 2014

Import duty hike on raw sugar may boost domestic prices: Care

The recent hike in the import duty on raw sugar from 15 percent to 40 percent is likely to boost the domestic prices, agency Care Ratings has said in a report.

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