Banks lending to the Realty
Reserve Bank of India has announced a cut in the cash reserve ratio (CRR) by a quarter of a percentage point (25 basis points) to 4.5% in its policy review meeting. With the announcement, home and auto loans will gradually become cheaper over the next few months. However, the RBI disappointed industry by leaving repo [...] Continue Reading »
The RBI is concerned about transparency in the system. If good projects come up, banks will fund them. Lending to the sector will not decline but what would really impact the sector is the time-consuming process of obtaining approvals from various regulators and inflation. The Reserve Bank of India has laid out strict due diligence [...] Continue Reading »
