Moneycontrol
HomeNewsBusinessMarketsCRISIL says record 188 companies defaulted in FY12
Trending Topics
Sensex Today
Cigarette Stocks
Time Technoplast Shares
ITC Share Price
TVS Motor Share Price

CRISIL says record 188 companies defaulted in FY12

As many as 188 entities rated by CRISIL defaulted on interest payments during financial year 2011-12 (April-March). According to CRISIL, this is the highest in a single year in absolute terms, and on a relative basis, translates into a 10-year high annual default rate of 3.4%.

April 03, 2012 / 18:19 IST
Story continues below Advertisement
Remove Ad

Moneycontrol Bureau

Here is some more evidence about the poor health of the economy. As many as 188 entities rated by CRISIL defaulted on interest payments during financial year 2011-12 (April-March). According to CRISIL, this is the highest in a single year in absolute terms, and on a relative basis, translates into a 10-year high annual default rate of 3.4%.

first published: Apr 3, 2012 02:31 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Follow Us On: Facebook twitter instagram linkedin youtube
Trending Topics
Sensex Today ITC Share Price Sapphire Foods-Devyani International merger Silver Price Today Gold Rate Today Zohran Mamdani Rahul Gandhi Shah Rukh Khan Indore Water Contamination Coal India Share Price
News
Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups
Markets
Home Currencies Commodities Pre-Market IPO Global Market Bonds
Personal Finance
Home Loans up to 50 Lakhs Credit Cards Lifetime Free Finance Tracker New Fixed Deposits Fixed Deposit Comparison Fixed Income
Mutual Funds
Home MC 30 Top Ranked Funds ETFs Mutual Fund Screener
Tools
Income Tax Calculator EMI Calculator Retirement Planning Gratuity Calculator Petrol Price in India Diesel Price in India IFSC Code
Community
Stock Markets
Network 18 Sites
News18 Firstpost CNBC TV18 News18 Hindi Cricketnext Overdrive
Quick Links
About Us Contact Us Advisory Alert Advertise with Us Disclaimer Privacy Policy Cookie Policy Terms & Conditions Financial Terms (Glossary) Sitemap Investors
Download MC Apps:

Copyright © Network18 Media & Investments Limited. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.