Indian financial market
The home loan borrowers feel so that the Reserve Bank of India (RBI) never wants to relive its customers in calm, as RBI is ahead decided to increase the interest rate. This hit is sure to damper the Diwali festive mood of the year 2011. Paras Gundecha the president of the Maharashtra Chamber of Housing [...] Continue Reading »
The Reserve Bank of India (RBI) has advised the housing banks not to impose a prepayment penalty if floating rates of interest are assured and also there will be absolutely no penalization for such borrowers. However the concern is different in terms of fixed interest loans wherein it involves on going tie up the housing [...] Continue Reading »
Indian financial market is facing a slowdown in economic growth which is increasing bad loans resulting in home loan borrowers to face annual burden of Rs 6,000 crores. There is a drastic increase in Equated Monthly Installments (EMI) and this due to the rising interest rates. Meanwhile the Reserve Bank of India (RBI) has hiked key [...] Continue Reading »
Pankaj Bansal the director of M3M India reported saying that the sales dip during the monsoon period. Kumar Bharat, the director of BCC Infrastructures reported saying that the sales volume seems not to be affected, reason being the peoples belief.In India, the social landscape is driven by religious beliefs and people’s orthodox. Kruti Jain, the director of Kumar Urban Development [...] Continue Reading »
