Ratings agency CRISIL expects credit quality trends of Indian companies to improve marginally in 2013-14 on the back of easing demand pressures, softening commodity prices, and a fall in interest rates during the year.
Tag: interest rates
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Power Finance Corp cuts renewables interest rates
Power Finance Corporation has reduced its interest rates for renewables projects by 50 basis points, equating to a 0.50 per cent cut. The State lender to electricity utilities claims to have approved Rs 23.13 billion ($430 million) for 611 mw of renewable capacity in the year ending March 2012. According to Bloomberg, the company has lent a total Rs 53.73 billion to wind, solar and hydro projects.
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Restructuring of loans to discoms is not a permanent solution
In a freewheeling interview with Rahul Kamat, M V Tanksale, Chairman and Managing Director, Central Bank of India, says that although discoms are going through a rough phase
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DoT plans fund for domestic companies
The telecom department plans to set up a Rs 10,000-crore fund that will provide loans at
5 per cent interest raÂtes to indigenous companies that enter the networks manufacturing space.