Infrastructure loans
It is a good news for the people who have bigger dreams, but aren’t able to fulfil the same, because of the funds available. Reserve Bank of India has some good news for the low cost housing plans. They have extended the limit to 10 lakhs for individuals against the issuance of Infrastructure Bonds which [...] Continue Reading »
Rs. 550 crore is raised by India Infradebt and L&T Infrastructure Finance Co from the bond market which was the first such fundraising of its kind. These debt funds were conceived more than three years ago under the non-banking finance company (NBFC) structure to help banks by taking out infrastructure loans from them. ICICI Bank, Bank of [...] Continue Reading »
IDFC Ltd’s transition to a bank will be painful. Meeting the requirements of cash reserve ratio (CRR) and statutory liquidity ratio (SLR) and ensuring that 40% of its loans go to the priority sector will lead to a decline in return ratios. The requirement of 60% dilution of the holding company structure in the third [...] Continue Reading »
