With volume growing on pent-up demand and recovery in discretionary spending, revenue of organised gold jewellery retailers will rise to 23-25 per cent this fiscal, according to a CRISIL report. The revenue had jumped 36 per cent last fiscal on a low base of the pandemic-hit fiscal 2021. Next fiscal, the report said, the growth will moderate to 8-12 per cent, given the higher base of this fiscal a...

The structural changes issued by the Reserve Bank of India’s (RBI) norms regarding the asset reconstruction companies (ARC) will result into lower funding requirement, along with improved governance and better disclosures by such entities, ratings agency Crisil Ratings said in a report. The minimum investment requirement for the ARCs is likely to come down by over 80% in some scenarios according...

With a market valuation of Rs24,072.95 Cr, CRISIL is a large cap company that works in the finance industry. The financial report for the second quarter ending June 30, 2022, has been released by the firm. In Q2 2022, CRISIL's consolidated income from operations increased 26.5 per cent YoY to Rs668.5 crore from Rs528.5 crore in the same quarter of the previous year. In Q2 2022, total consolidated ...

Non-banking finance companies (NBFC) are likely to rely on securitisation as a funding source led by higher volumes, which will lead to increased disbursements by non-banks after a slowdown. Banks can also improve their retail and priority sector targets through securitisation, ratings agency Crisil said in a report.Securitisation volume grew by 70% to Rs 35,000 crore in the first quarter of the c...

Indian stock market is expected to open in the red as trends on SGX Nifty indicate a gap-down opening for BSE Sensex and NSE Nifty 50. Nifty futures on the Singapore Exchange traded 205.50 points, or 1.18 per cent, lower at 17,201.50, signaling that Dalal Street was headed for a negative start on Friday. Domestic equities witnessed a pullback rally in the previous session after taking cues from...