economic times - Daily News Capsule

Rating agency Crisil has upgraded its outlook for Indiabulls Housing Finance Limited from negative to stable. This confirmed the company's short-term long-term credit ratings of "AA" and "A1+" In a filing with the BSE, the Indiabulls Housing Finance company said it received Crisil's communication on 31 March. Modification of rating factors in fundraising is less than the expected increase in asset quality and non-performing asset (NPA) levels in retail segments. Also, read | Now recharge your Delhi metro card with amazon pay The credit rating agency also observed regularisation of collection efficiency to pre-Covid levels, strong capitalization with healthy cover for asset-side risks, and a strong liquidity position of the company. During early trade, Indiabulls Housing Finance Ltd...

Public sector lender Union Bank of India continued to witness the highest failure price for UPI transactions amongst India’s prime 30 UPI remitter banks due to technical factors in January. From 10.75 percent technical decline (TD) in December, the failure price jumped to 12.89 percent in January for Union Bank of India, information from the National Payments Corporation of India (NPCI) showed. In January, eighty percent of UBI's transactions were approved out of 85.95 million transactions, out of which almost 80 percent had been authorized while 7.36 percent were declined. Due to factors which include invalid pin entered by the customer, incorrect beneficiary account, exceeding per transaction limit or permitted count of transactions per day or quantity limit for the day, and so...

Tag: economic times

Indiabulls Housing Finance says that Crisil has Stabilized the Upgrade