Krishnan Sitaraman

Senior Director & Chief Ratings Officer, CRISIL Ratings Limited. Views are personal. Retweets are not endorsements.

[Crisil @CrisilLimited]

Save the date for the inaugural edition of the 𝐂𝐫𝐢𝐬𝐢𝐥 𝐑𝐚𝐭𝐢𝐧𝐠𝐬 𝐈𝐧𝐝𝐢𝐚 𝐈𝐧𝐜 𝐒𝐮𝐦𝐦𝐢𝐭 𝟐𝟎𝟐𝟔.

Themed Growth and grit amid geopolitical uncertainties, the summit will bring together senior corporate leaders, policymakers, industry experts and market participants for a timely conversation on the forces shaping the next phase of India Inc.

The agenda will focus on two critical themes:

𝐆𝐫𝐨𝐰𝐭𝐡 𝐚𝐭 𝐬𝐩𝐞𝐞𝐝: 𝐓𝐡𝐞 𝐫𝐢𝐬𝐞 𝐨𝐟 𝐌&𝐀 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚 𝐈𝐧𝐜 will explore the increasing role of acquisitions as a strategic lever for growth, evolving financing strategies and sectoral trends, and the impact of past deals on rated players’ risk profiles

𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐫𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐜𝐞 𝐢𝐧 𝐚𝐧 𝐮𝐧𝐜𝐞𝐫𝐭𝐚𝐢𝐧 𝐰𝐨𝐫𝐥𝐝 will bring together perspectives on how corporates are strengthening resilience amid geopolitical disruptions, supply chain challenges, and macroeconomic volatility.

📅 Thursday, August 27, 2026
🕒 3:30 PM onwards

𝐑𝐞𝐠𝐢𝐬𝐭𝐞𝐫 𝐧𝐨𝐰: https://t.co/XnrQC4UahJ

Kindly note, registration does not guarantee participation, and attendance will be confirmed upon approval.

#CrisilRatings #IndiaInc #MergersAndAcquisitions #BusinessResilience #CapitalMarkets #IndianEconomy

𝘊𝘳𝘪𝘴𝘪𝘭 𝘙𝘢𝘵𝘪𝘯𝘨𝘴 𝘓𝘪𝘮𝘪𝘵𝘦𝘥 𝘪𝘴 𝘳𝘦𝘨𝘪𝘴𝘵𝘦𝘳𝘦𝘥 𝘪𝘯 𝘐𝘯𝘥𝘪𝘢 𝘢𝘴 𝘢 𝘊𝘳𝘦𝘥𝘪𝘵 𝘙𝘢𝘵𝘪𝘯𝘨 𝘈𝘨𝘦𝘯𝘤𝘺 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 𝘚𝘦𝘤𝘶𝘳𝘪𝘵𝘪𝘦𝘴 𝘢𝘯𝘥 𝘌𝘹𝘤𝘩𝘢𝘯𝘨𝘦 𝘉𝘰𝘢𝘳𝘥 𝘰𝘧 𝘐𝘯𝘥𝘪𝘢 - (𝘙𝘦𝘨. 𝘕𝘰. 𝘐𝘕/𝘊𝘙𝘈/001/1999).

[Crisil @CrisilLimited]

The stage is set for the inaugural edition of the 𝐂𝐫𝐢𝐬𝐢𝐥 𝐑𝐚𝐭𝐢𝐧𝐠𝐬 𝐈𝐧𝐝𝐢𝐚 𝐈𝐧𝐜 𝐒𝐮𝐦𝐦𝐢𝐭.

Built around the theme, 𝐆𝐫𝐨𝐰𝐭𝐡 𝐚𝐧𝐝 𝐠𝐫𝐢𝐭 𝐚𝐦𝐢𝐝 𝐠𝐞𝐨𝐩𝐨𝐥𝐢𝐭𝐢𝐜𝐚𝐥 𝐮𝐧𝐜𝐞𝐫𝐭𝐚𝐢𝐧𝐭𝐢𝐞𝐬, the summit will bring together senior corporate leaders, policymakers, industry experts and market participants to explore how India Inc is navigating a rapidly evolving global landscape.

Through two focused sessions, 𝐆𝐫𝐨𝐰𝐭𝐡 𝐚𝐭 𝐬𝐩𝐞𝐞𝐝: 𝐓𝐡𝐞 𝐫𝐢𝐬𝐞 𝐨𝐟 𝐌&𝐀 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚 𝐈𝐧𝐜 and 𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐫𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐜𝐞 𝐢𝐧 𝐚𝐧 𝐮𝐧𝐜𝐞𝐫𝐭𝐚𝐢𝐧 𝐰𝐨𝐫𝐥𝐝, discussions will delve into strategies for strengthening resilience, deploying capital effectively and leveraging acquisitions to drive long-term growth.

Join the conversation by registering now: https://t.co/JleIzowfdT

Kindly note, registration does not guarantee participation, and attendance will be confirmed upon approval.

#CrisilRatings #IndiaInc #Geopolitics #BusinessStrategy #MergersAndAcquisitions

[Crisil @CrisilLimited]

What will define India Inc’s next phase of growth in a world of geopolitical uncertainty?

𝐌𝐚𝐧𝐢𝐬𝐡 𝐆𝐮𝐩𝐭𝐚, Deputy Chief Ratings Officer, Crisil Ratings, looks at how companies are approaching growth, strengthening fundamentals and building resilience amid changing business conditions.

At the inaugural 𝐂𝐫𝐢𝐬𝐢𝐥 𝐑𝐚𝐭𝐢𝐧𝐠𝐬 𝐈𝐧𝐝𝐢𝐚 𝐈𝐧𝐜 𝐒𝐮𝐦𝐦𝐢𝐭 𝟐𝟎𝟐𝟔, themed 𝐆𝐫𝐨𝐰𝐭𝐡 𝐚𝐧𝐝 𝐠𝐫𝐢𝐭 𝐚𝐦𝐢𝐝𝐬𝐭 𝐠𝐞𝐨𝐩𝐨𝐥𝐢𝐭𝐢𝐜𝐚𝐥 𝐮𝐧𝐜𝐞𝐫𝐭𝐚𝐢𝐧𝐭𝐢𝐞𝐬, the conversation will examine the forces shaping India Inc’s next phase, from trade and energy security to technology-led transformation, balance-sheet strength and strategic agility.

A key focus will be the rise of M&A in India Inc, and how companies are using acquisitions to accelerate growth, expand capabilities, enter new markets and strengthen competitive positioning.

The summit will also examine how businesses are strengthening their operating and financial fundamentals as they build resilience in an evolving global environment.

Join senior corporate leaders, industry experts and market participants in Mumbai for the conversation.

Register your interest here: https://t.co/YbYjcSJZkz

Kindly note, registration does not guarantee participation, and attendance will be confirmed upon approval.

#CrisilRatings #IndiaInc #MergersAndAcquisitions #BusinessStrategy #LeadershipInsights

[Crisil @CrisilLimited]

India Inc is entering a new phase of growth, shaped by stronger investment momentum, strategic expansion and evolving global opportunities.

Join us for a Fireside Chat with Mr. @jugeshinder (Robbie) Singh, Group CFO, @AdaniOnline, as he shares his perspective on the opportunities shaping India Inc’s next phase of growth.

The conversation will explore growth priorities, capital allocation and building resilience for long-term value creation, as part of the summit themed “𝐆𝐫𝐨𝐰𝐭𝐡 𝐚𝐧𝐝 𝐠𝐫𝐢𝐭 𝐚𝐦𝐢𝐝𝐬𝐭 𝐠𝐞𝐨𝐩𝐨𝐥𝐢𝐭𝐢𝐜𝐚𝐥 𝐮𝐧𝐜𝐞𝐫𝐭𝐚𝐢𝐧𝐭𝐢𝐞𝐬.”

Register your interest here: https://t.co/uVe97n6WQN

Kindly note, registration does not guarantee participation, and attendance will be confirmed upon approval.

#CrisilRatings #IndiaInc #MergersAndAcquisitions #BusinessStrategy #LeadershipInsights

[Crisil @CrisilLimited]

Episode 1 of Trailblazers, the Crisil Ratings podcast, is live.

Subodh Rai speaks with Pirojsha Godrej, Chairman Designate, Godrej Industries Group, on leadership, resilience, AI and long-term value.

Watch episode 1 now: https://t.co/LgMghauSWE

#ThoughtLeadership #CrisilRatings

[Crisil @CrisilLimited]

In an era shaped by geopolitical shifts, evolving markets and rapid transformation, long-term success belongs to organisations that stay resilient, adapt with purpose and continue to create meaningful economic value.

In the inaugural episode of 𝐓𝐫𝐚𝐢𝐥𝐛𝐥𝐚𝐳𝐞𝐫𝐬: 𝐂𝐫𝐢𝐬𝐢𝐥 𝐑𝐚𝐭𝐢𝐧𝐠𝐬 𝐏𝐨𝐝𝐜𝐚𝐬𝐭, watch 𝐏𝐢𝐫𝐨𝐣𝐬𝐡𝐚 𝐆𝐨𝐝𝐫𝐞𝐣 in a candid conversation with 𝐒𝐮𝐛𝐨𝐝𝐡 𝐑𝐚𝐢, talking about what it takes to navigate uncertainty while keeping an eye on sustainable growth and value creation.

The episode also explores the trends, leadership perspectives and strategic insights that are shaping India's business and economic landscape.

𝐖𝐚𝐭𝐜𝐡 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐩𝐨𝐝𝐜𝐚𝐬𝐭 𝐧𝐨𝐰: https://t.co/ervvleRqNx

#CrisilRatings #CrisilRatingsPodcast #ThoughtLeadership

[Crisil @CrisilLimited]

The journey continues.

Mark your calendar for the 10th edition of Crisil Ratings NBFC Seminar on November 25, where industry voices converge to explore what’s next.

Register now: https://t.co/ogB8inNgBl

#CrisilRatings #10thEdition #NBFCSeminar2025 #DecadeOfNBFC #NBFCSector

[Crisil @CrisilLimited]

Large appliance makers’ revenue growth is set to moderate to 5-6% this fiscal, after a strong 16% rise last year.

What’s shaping this trend? And how will it impact profitability and capex plans? Find out in our latest analysis: https://t.co/tz4OX78igU

#CrisilRatings

[Crisil @CrisilLimited]

Rajiv Anand, MD & CEO, IndusInd Bank, shares his perspective on the evolving banking landscape and his experience at the inaugural edition of Crisil Ratings Banking Conclave 2025.

Watch the video to know what resonated with him and why this platform matters.

#CrisilRatings

[Crisil @CrisilLimited]

Our Chief Economist, Dharmakirti Joshi, shares his views on the RBI’s latest monetary policy announcement and why the MPC chose to hold rates despite softening inflation and rising global risks.

#Crisil #RBI #MonetaryPolicy #GlobalRisks https://t.co/LVgVp6iMA7

[Crisil @CrisilLimited]

Our Chief Economist, Dharmakirti Joshi, shares his views on the RBI’s latest monetary policy announcement and why the MPC chose to hold rates despite softening inflation and rising global risks.

#Crisil #RBI #MonetaryPolicy #GlobalRisks

[Crisil @CrisilLimited]

Prashant Kumar, MD & CEO, Yes Bank, shares his views on the future of Indian banking and his experience at the Crisil Ratings Banking Conclave 2025.

Here’s what he has to say.

#CrisilRatings #BankingConclave #CXOInsights #BankingSector

[Crisil @CrisilLimited]

In the recent interview with @ETNOWlive, our Chief Economist, Dharmakirti Joshi decoded how recent tax rationalisation could ease wallet pressure, uplift middle-class purchasing power, and stimulate demand across essentials and discretionary items.

Watch the entire interview here: https://t.co/Ujm89A82tp

#Crisil #GST #AutoPriceCuts #FestiveSeason #Consumption #FMCG

[Crisil @CrisilLimited]

What a day! The first edition Crisil Ratings Banking Conclave 2025 brought together senior banking leaders to discuss trends, challenges, and strategies shaping the future of Indian banking.

Swipe through the moments that captured the energy, insights, and collaboration from the conclave.

Here are some key highlights from the event:
- Bank credit growth, estimated a tad higher than last year at ~11-12% for fiscal 2026, is likely to pick up in the second half of the year aided by various Government and regulatory stimuli, and easing of bond market substitution.
- Asset quality metrics, while at multi-year lows, have bottomed out and will remain range bound. Evolving geopolitical environment, potential uptick in export-linked MSME sub segments and unsecured retail portfolios – bear watching.
- Return on assets (RoA), despite compression foreseen for fiscal 2026 in the backdrop of softened interest rates, would still remain adequate at ~1.3%. Thinner net interest margins (NIMs) will be the primary driver.
- Nevertheless, strong fundamentals of the sector support its robust health, positioning it well to fund opportunities emerging in India’s growth story.

A huge thank you to our panelists, and attendees for making this day truly inspiring!

#CrisilRatings #BankingConclave #CXOInsights #BankingSector

[Crisil @CrisilLimited]

Bank credit is expected to grow 11–12% in FY26, slightly above last year and the decadal average aided by regulatory support, improved consumption, and a likely pick-up in the second half of the fiscal.

Retail credit will lead the way, while other segments remain rangebound. Although growth was muted in Q1 due to weak retail demand and bond market substitution, the RBI’s liquidity-enhancing measures, greater transmission of the repo rate cuts into bank lending rates and pick-up in retail credit emanating from rise in consumption demand are expected to support a rebound.

Our latest analysis outlines the drivers, risks, and outlook for the rest of the year. Take a closer look: https://t.co/EWfs3PKDg8

#CrisilRatings #BankCredit #RetailCredit #LendingRates #RBI

[Crisil @CrisilLimited]

India’s data appetite is booming. With 5G rollout accelerating and enterprises doubling down on cloud and AI, the surge in digital activity is driving unprecedented demand for reliable, scalable, and energy-efficient data centers.

But meeting this rising demand will require more than just infrastructure; it demands foresight, investment, and sustainability at scale.
Join our upcoming webinar, ‘The rack stacks’, where industry leaders decode the forces shaping the next wave of growth in India’s data center ecosystem.

From investment outlook to energy concerns and policy enablers, this session will cover it all.
📅 23 September 2025 | 🕒 3:00 PM onwards
Register now: https://t.co/tfGtTbad4O

#CrisilRatings #Webinar #DataCenter #AI #5G #Cloud

[Crisil @CrisilLimited]

As CPI inflation inched up in August, all eyes are on what’s driving the shift and what it means for interest rates and policy decisions ahead.

Our Chief Economist, Dharmakirti Joshi, unpacks the underlying trends from a reversal in food price deflation to global oil dynamics and explains why a repo rate cut by the RBI could still be on the cards.

#Crisil #CPIInflation #RBI #InterestRates #FoodPrice

[Crisil @CrisilLimited]

As part of our inaugural Banking Conclave, Krishnan Sitaraman spoke to @CNBCTV18Live on India’s banking sector, specifically about credit growth, deposit stability and capital adequacy ratios.

Watch the entire conversation here: https://t.co/RzSPbpq2He

#CrisilRatings #BankingConclave #CreditGrowth #BankingSector

[Crisil @CrisilLimited]

The Crisil Ratings Banking Conclave 2025 opened with a compelling welcome address from our Managing Director, Subodh Rai, setting the stage for an evening rich with insights and industry-shaping conversations.

Here are the key highlights:

- Banking sector is in robust health, having weathered multiple cycles over the past two decades: Fundamentals such as asset quality, profitability and capitalisation are at multi-year best, auguring well for sector's growth prospects
- Multiple regulatory and government stimuli, steady GDP growth forecast and broad-based boost in consumption led by GST and tax reforms with improved affordability to propel credit growth uptick in the second half of the fiscal
- Against these tailwinds, however monitorables such as dynamic geopolitical environment and its impact thereof on GDP growth and export oriented MSME subsegments and revival of private corporate capex, bear watching.
- Amidst an evolving landscape technology is redefining banking with increased integration in credit underwriting, risk management and enhancing liability side efficiencies.

As the conclave progresses, we look forward to more thought-provoking discussions and actionable insights that will help shape the future of the Indian banking sector. Stay with us for updates and expert perspectives from the event.

#CrisilRatings #BankingConclave #CXOInsights #BankingSector