Naresh Takkar, the managing director of ICRA, reckons 35-40% of its sales come from services other than ratings.

ECONOMIST: Credit-rating agencies

According to ICRA, the gross non performing assets ratios of state-run banks was stable at 2.4% for the first half of the fiscal year, while the same number for the State Bank of India Group rose to 4.3% from 4%.

FORBES: Asset Quality Worsening At India Banks