Indian banks
In foreign destinations like Hong Kong, Nairobi and Mauritius, as part of asset monetisation to garner resources, Air India is considering selling off its properties. According to the airline officials, Indian banks and public sector undertakings have been approached by the national carrier for disposal of these properties including floorspace in prime locations. To help [...] Continue Reading »
The RBI pointed out that bank should make sure that all future transactions related to the sale and purchase of real estate as well as acquisition on lease or rental basis at the overseas centers are done as per the board approved policy. This directive has been issued after it came to the central bank’s [...] Continue Reading »
Indian banks are allowed to issue 30-year fixed rate home loans under the priority sector category in order to make loans more affordable, announced a Reserve Bank of India panel. A rating agency issued a warning that banks were lending long-term loans with one-year deposits due to which asset-liability mismatches are significantly high for some [...] Continue Reading »
Representatives of banks have expressed that they want the Reserve Bank of India (RBI) to relax the norms on asset classification in the real estate sector to facilitate credit flow. The revelation came in the wake of the finance ministry asking banks to increase lending to residential housing projects, so as to revive the cash [...] Continue Reading »
The World Bank (WB) has joined hands with the Indian banks and also India Development Foundation and the Public Private Infrastructure Advisory Facility to fund for the infrastructure development in cities in India. Vijay Kelkar the chairman the finance commission has been given the initiative to investigate on the excess public land in India. One [...] Continue Reading »
