CARE Ratings Ltd

Sarovar Hotels is poised for a strong coming fiscal: MD Bakaya

GNPA ratio of scheduled commercial banks is expected to reduce in FY24

We zoom in on the prospects of Karur Vysya Bank, as also of two other stocks — Tata Chemicals and CARE Ratings

Banks’ C-D ratio has been increasing since November 2021 to touch 74.8 per cent as of December 2, expanding 480 bps from a year ago

The rating is applicable for the NBFC’s loan facilities, non-convertible debentures, market-linked debentures and subordinated debt

Company offers ₹515 a share

Buzzing stocks: Mindtree, Tata Metaliks, Tata Motors, Mahanagar Gas, SJVN, CARE Ratings, Max Ventures, Shilpa Medicare, Axiscades

Aims to close this fiscal FY22-23 with an AUM of ₹4,000 crore

According to Care Ratings, bank credit to non-banking financial companies expanded by ₹99,000 crore in FY22, from FY21

The charges against Rajesh Mokashi, erstwhile MD and CEO and SB Mainak, former Chairman, have not been established for interfering with the rating process

Includes Canara Bank, Indian Bank, Punjab National Bank and Union Bank of India

GNPA ratio has improved to 6.97% as at September-end 2021