{
Fusion Finance Limited

Companies

}

icra downgrades fusion finance ratings amid asset quality and profitability concerns

ICRA has downgraded Fusion Finance’s NCD programme ratings worth Rs 180 crore to ‘A (Negative)’ from ‘A+’, citing concerns over asset quality and profitability. Additionally, the ratings for Rs 55 crore subordinate debt were also downgraded to ‘A (Negative)’. The outlook for both has been revised to ‘Negative’ from ‘Stable’, reflecting expectations of continued pressure on the company's financial health.
Moneycontrol
Fusion Finance Limited IND
Finance & Economy, Press Release
07:13 27.11.2024

Fusion Finance reports Rs 305 crore loss amid rising assets under management

Fusion Finance reported a net loss of Rs 305.04 crore for the second quarter of FY25, a significant decline from a profit of Rs 125.69 crore in the same period last year. The company's assets under management rose by 15.4% to Rs 11,571 crore, despite ongoing industry-wide delinquency issues. CEO Devesh Sachdev announced plans to file for a rights issue of up to Rs 550 crore in the current quarter.
Moneycontrol
Fusion Finance Limited IND Devesh Sachdev
Finance & Economy, Market Report
17:21 15.11.2024
Trending
Subcategory:
Cryptocurrency Markets Stock Market Updates Cryptocurrency Trends Cryptocurrency & Blockchain Regulations Central Bank Actions Market Sentiment Analysis Banking & Investment Regulations Employment Reports Banking Regulations Corporate Responsibility & ESG Anti-Money Laundering (AML) Regulations Inflation Rates & CPI Data Blockchain Technology Adoption Hedge Funds & Private Equity Cryptocurrency Regulations Tokenomics and Crypto Economics Decentralized Finance (DeFi) Innovations Mergers & Acquisitions Emerging Startups Cryptocurrency Developments
Countries:
USA GBR CHE DEU RUS IND CHN CAN ARE FRA JPN SGP TWN ESP MYS BRA LUX KEN THA AUS
Companies:
Coinbase Global, Inc. Apple Inc. NVIDIA Corporation Solana USD Ethereum USD Tesla, Inc. Chainlink USD Bitwise Bitcoin ETF Fidelity Contrafund UBS Group AG BlackRock, Inc. MicroStrategy Inc Delta Air Lines, Inc. Kraken Energy Corp. Ripple USD USD Ripples USD Microsoft Corporation Standard Chartered PLC Novartis AG Bank of America Corporation
Currencies:
United States Dollar Euro Swiss Franc British Pound Sterling Japanese Yen Indian Rupee Swedish Krona Chinese Yuan Canadian Dollar Singapore Dollar South Korean Won New Taiwan Dollar Thai Baht Philippine Peso Russian Ruble Vietnamese Đồng
People:
Donald Trump Elon Musk Ali Martinez Cynthia Lummis Gary Gensler Joe Biden Paul Atkins Brad Garlinghouse Bill Hughes Sr Tim Scott Matt Hougan Jerome Powell Bernie Moreno Elizabeth Warren Laurent Marochini Margaret Harwood-jones Keith Ammon James Howells Jimmy Carter Dave McCormick

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Links

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Save settings
Reset settings
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.