Policy Rates
The property consultants see hike in policy rates that is proving a minimal effect on taming inflation, on all- round cost. Mr Pranab Datta, Vice-Chairman and Managing Director, Knight Frank India reported saying that the rising inflation is for further tightening of the key policy rates in the financial market and also the prospective buyers themselves holding capacity [...] Continue Reading »
Several banks had reduced their yearly business growth targets following slowing in credit offtake on account of increasing interest rates. The Reserve Bank of India has raised policy rates 11 times in the past 16 months, making funds dearer. Banks are looking to boost credit growth, which has suffered due to high interest rates. Most [...] Continue Reading »
According to recent finance ministry data that captures the performance of public sector banks, instances of home loan defaults contributing to gross non-performing assets (NPAs) was the highest in the category of loans up to Rs 2 lakh. The figure stood at six per cent in 2010-11, slightly lower than 6.4 per cent in 2009-10. [...] Continue Reading »
