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Tata Motors Passenger Vehicles Limited (erstwhile Tata Motors Limited): Ratings reaffirmed 31 Jul 2026

Amica Finance Private Limited: Ratings reaffirmed 31 Jul 2026

Essel Mining & Industries Limited: Rating reaffirmed 31 Jul 2026
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Capex surge widened GoI’s fiscal deficit in Q1 FY2027; current trends portend ~20 bps fiscal slippage in FY2027, which could be absorbed by savings 31 Jul 2026

IIP growth spiked to 23-month high 7.3% in June 2026; volumes healthy in Q1 FY2027, although surge in input costs will hurt GVA growth 28 Jul 2026

Domestic passenger traffic remained flat YoY in June 2026, while PLF showed a meaningful uptick 23 Jul 2026
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Organised gold loan AUM set to touch Rs. 30 trillion by FY2028; NBFCs regain market share 29 Jul 2026

Securitisation market begins FY2027 on a strong note, with Q1 volumes at Rs. 61,000 crore 20 Jul 2026

Healthy demand momentum continues; weak monsoon outlook poses near-term risks 20 Jul 2026
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Religare Housing Development Finance Corporation Limited
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Positive indicator - The Hindu Business Line 27 July 2026

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Essel Mining & Industries Limited - Lender Facilities *

Name of Lender	Facility/Instrument	Amount (Rs. Crore)
Axis Bank Limited	Fund Based Limits	10
HDFC Bank Limited	Fund Based Limits	40
ICICI Bank Limited	Fund Based Limits	30
State Bank of India	Fund Based Limits	60
IndusInd Bank Limited	Fund Based Limits	10
DBS Bank Limited	Fund Based Limits	20
YES Bank Limited	Fund Based Limits	5
State Bank of India	Non Fund-Based Facilities	45

*April 26, 2022

The details presented on this page provide an update on the names of lenders, in reference to the total credit facilities of Essel Mining & Industries Limited rated by ICRA. To access the previous rating rationale: Click Here.

This update is being published as per the directions of the Reserve Bank of India (RBI) to the Credit Rating Agencies (CRAs) vide the communication [CO.DOR.ISG.No.S150/21-06-008/2021-2022] dated June 4, 2021.