The Securities and Exchange Board of India’s (SEBI) notifications dated May 30, 2018, and September 19, 2018, under the SEBI (Credit Rating Agencies) Regulations, 1999, have mandated the segregation of Ratings and Non- Ratings businesses of credit rating agencies.
CRISIL believes the Indian telecom industry will reverse a two-year declining trend with a 7% revenue growth in fiscal 2020. The turnaround will ride on an increase in average revenue per user (ARPU) by 11%, though the overall subscriber base is expected to shrink by 4%.
Retail securitisation volume more than doubled to an all-time high of Rs 1.9 lakh crore in fiscal 2019, compared with Rs 85,000 crore for the whole of fiscal 2018 (see chart 1 in annexure), a CRISIL study shows.
The Supreme Court’s move to quash the Reserve Bank of India’s (RBI) February 12, 2018 circular on resolution of stressed assets provides the banking system with more flexibility and time in resolving stressed assets.