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Board recommends Dividend

ICRA Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 11, 2016, inter alia, has recommended a dividend of Rs. 27 per equity share of the face value of Rs. 10 each for the financial year ended March 31, 2017. The dividend as recommended by the Board of Directors, if declared at the 26th Annual General Meeting, will be paid/dividend warrants will be dispatched on August 11, 2017.
11-05-2017
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Outcome of Board Meeting

Outcome of the Board Meeting dated May 11, 2017; commenced at 9:30am and concluded at 3:15pm
11-05-2017
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Intimation Of Schedule Of Earnings Conference Call

ICRA Limited Q4FY17 Earnings Conference Call scheduled to be held on Friday, May 12, 2017
05-05-2017
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Reliance group debt recast in fast lane after hiccups

RCom's debt was Rs 44,500 crore as on December last year, according to ICRA's estimates
05-05-2017
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Masala bond issuance on the rise: Icra

In the fourth quarter of the last fiscal, 39 per cent of overseas fund of $7.39 billion was through rupee denominated bonds, or masala bonds. Since these bonds are raised in rupee, the issuer of the bonds won't have to bear any exchange rate risk and therefore the country as a whole gets into safer zone as far as its overseas commitments are concerned. "The trend of increasing RBD issuance is hence positive for such borrowers, not only from the risk aspect but also from the pricing perspective. This opening up of an alternative borrowing channel and diversity in investor base is positive for Indian companies," said Karthik Srinivasan, group head-financial sector ratings, ICRA Ltd in a note. According to ICRA, some of the recent masala bond issuances have been priced at all-in-cost levels comparable to similar tenor bonds issued by these companies in domestic markets. "Given the attractiveness of RDBs, the growth in such issuances is expected to dampen issuances of foreign currency...
03-05-2017
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Note ban shrinks securitisation in MFI by 79% in H2 of FY17'

As per ICRA estimates only around Rs 1,650 crore was raised in the second half of the fiscal, resulting in total securitisation volumes of around Rs 7,150 crore for the full year.
18-04-2017
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Updates

Notice of the Board Meeting published in newspapers
18-04-2017
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Board Meeting On May 11, 2017

Meeting of the Board of Directors of ICRA Limited ('the Company') is scheduled to be held on Thursday, May 11, 2017, inter alia, to consider and approve the audited Financial Results (Standalone & Consolidated) of the Company for the Quarter and Year ended March 31, 2017 and to recommend dividend, if any, on the equity shares of the Company for the Financial Year 2016-17.
13-04-2017
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Icra reports surge in banks' NPA slippage

Bank loans worth Rs 22,000 crore which were recast under Strategic Debt Restructuring (SDR) in 2015-16 had slipped into the non-performing asset (NPA) category during the final quarter ended March of 2016-17, according to rating agency ICRA.On a failure in SDR loans, banks have to start making provisions for these on the balance sheet, at a time when revenue growth has been tepid or stagnant and credit costs are going up.SDR rules give lenders an 18-month window for bringing strategic investors for a troubled loan. In this period, the loans are treated as standard assets. It saves banks from having to make provisions for such loans.The bill for NPA provisions might expand substantially -- slippages from SDR accounts are estimated to have more than doubled to Rs 49,500 crore in the April-June 2017 period, according to ICRA. In its sample set, 61 large borrowers having total debt of Rs 245,000 crore are currently undergoing a resolution through the SDR scheme. As on December 31, 2016, .
12-04-2017
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