Mumbai, May 21 -- Crisil Ratings stated that the ratings continue to reflect the healthy capitalisation levels along with the commitment of support from Fairfax, in case of exigency and stable deposit profile.

These strengths are partially offset by the modest earnings profile and limited track record in the new non-gold loan book, as well as modest scale of overall operations.

The agency further said that factors like substantial scale-up of operations with return on average total assets of around 1.75% on a sustained basis and track record of profitably scaling up non-gold loan book could lead to ratings upgrade.

However, factors that could result in an adverse rating acion include deterioration in asset quality, as seen in GNPAs inc...