department of financial services
The ‘Pradhan Mantri Jan Dhan Yojna’, to be launched on August 28, will provide a vital missing link in achieving the objective of “housing for all” by enhancing the access of urban poor to cheap credit through the formal banking system, a senior official said here. The government should play a role of enabler and [...] Continue Reading »
While Reserve Bank of India has already agreed to letting state-run banks raise capital from employees and setting up holding companies, the government is pondering over a plan where banks could also raise capital by leveraging real estate holdings. Banks have suggested that each bank set up a special purpose vehicle (SPV) and have their [...] Continue Reading »
New Delhi- All those waiting for a home possession need to wait for another year as a survey has found out that about 50% i.e. 323,000 home deliveries will be delayed as they are lagging behind the construction schedule.This is followed by nearly three of every four homes which were promised for delivery in 2014 to [...] Continue Reading »
