Ramraj Pai

CRISIL believes incremental recruitment by the information technology (IT) services industry, which accounted for nearly a quarter of the organised private sector employment in India in fiscal 2014, will halve by fiscal 2018 despite a 13-15% growth forecast in the industry‘s revenues during this period.

Downgrades surpassing upgrades for 4 straight qtrs: CRISIL

During the first half of the fiscal, CRISIL has downgraded as many as 478 companies compared to the 417 upgrades.

India Inc's credit quality on slippery wicket: CRISIL

CRISIL's credit ratio - or the proportion of upgrades to downgrades - for the first half of the current fiscal ended September 30 has come in at 0.87 times. The ratio has stayed under 1 for the last two years.

Crisil expects NPAs to balloon from 3.3% to 4%

Repayments coming up for the present year stands at about Rs 1.1 trillion. Crisil's Ramraj Pai feels about 70 percent of it will be financed through internal accruals, but the rest will have to be refinanced either locally or internationally.

Crisil warns money squeeze to worsen asset quality of banks

In an interview to CNBC-TV18, Ramraj Pai, President, Crisil Rating spoke about how liquidity squeeze heightens corporate India‘s vulnerability and stressful increase in various sectors like power, construction, engineering and steel and as result of that the non performing assets picture for banks will worsen.

7 stocks will upgrade for 10 downgraded by CY13 end: CRISIL

According to Ramraj Pai, president, CRISIL Ratings the credit quality by the end of CY13 will be 0.75-0.85.

Credit quality pressures to ease for India Inc: CRISIL

Corporate India‘s credit quality trends will improve marginally in 2013-14, with demand pressures easing, commodity prices cooling-off, and interest rates declining during the year, says CRISIL Ratings.

Developing bond mkt vital for banks' capitalization: CRISIL

CRISIL Ratings, India's leading rating agency, estimates that India's banks will need to raise Rs.2.7 trillion by March 2018 to meet Tier-I capital requirements under Basel III.

Pace of downgrades likely to abate: Crisil Ratings

Even as the pace of downgrades continues to be far higher than that of upgrades, Ramraj Pai of Crisil Ratings believes that we are closer to the end of the downgrade cycle.

Downgrades intensity likely to abate as profit stabilises

CRISIL's rating actions in the first half (H1) of 2012-13 reflect increased pressure on corporate India's credit quality. CRISIL's credit ratio declined to 0.66 in H1 of 2012-13 from 0.91 in H2 of 2011-12, primarily on account of slowdown in economy.

Loan restructuring to touch Rs 2 trillion by FY13: CRISIL

Large corporate exposures to form a sizeable portion of restructured loans, says CRISIL Ratings

Funding and growth prospects improve for non-Andhra MFIs

CRISIL Ratings has come out with its report on "funding and growth prospects improve for non-Andhra MFIs". The rating agency expects profitability of Equitas, Ujjivan, and Janalakshmi to improve due to their cost reduction initiatives, stronger systems and processes, and growth resumption.

New businesses to drive profits of broking houses: CRISIL

CRISIL Ratings has come out with its report on Indian broking houses' core broking and investment banking businesses. According to the rating agency, businesses like wealth advisory, asset management, and retail lending will contribute 50% of the broking houses’ profits in 2012-13.

Downgrades outnumber upgrades after eight quarters: CRISIL

Downgrades outnumber upgrades after eight quarters, says CRISIL Ratings. The rating agency has downgraded ratings on 148 entities in the third quarter (Q3) of 2011-12, while upgrading ratings on 138 entities.

RBI`s Basel III norms to strengthen banks` capitalisation

CRISIL Ratings has come out with its report on Reserve Bank of India’s (RBI’s) proposed guidelines on Basel III, which will strengthen the Indian banking sector and increase its resilience to systemic shocks.

Slowing demand could further dent credit ratings: CRISIL

CRISIL ratings has come out with its report on Rating Action Ratio (RAR). As per rating agency RAR is already declining due to weakening profitability.

Banks can increase infrastructure lending capacity: CRISIL

CRISIL Ratings has come out with its report on infrastructure lending. According to the rating agency Indian banking system can increase their funding capacity to the infrastructure sector by Rs.1 trillion over the next four years and it can be done by refinancing of infrastructure project loans through debt capital markets.