RBI guidelines
We downgrade IDFC to ‘neutral’ from ‘buy’ with a fair value of R143 a share. We are not pricing in a blue-sky scenario as of now. IDFC is trading at 1.3x FY16e adjusted book value and we expect it to generate 13 percent return over the next 10 years in the base case (target multiple [...] Continue Reading »
In the FY15 thus far, the Corporate Debt Restructuring (CDR) cell has not received any debt recast requests; thanks to the new guidelines which have been put in place by the Reserve Bank of India with regard to the management of stressed assets. The new RBI guidelines were announced in January, and became effective from [...] Continue Reading »
L&T Finance Holdings (L&TFH) on Wednesday said that the company would look for the opportunity to venture into banking and await RBI guidelines before taking a step further. N Sivaraman, president and whole-time director at L&TFH said the company did not getting a bank licence and it would wait for the next opportunity as and [...] Continue Reading »
Real estate developers and housing finance companies are allowed by the Reserve Bank of India ( RBI) to raise funds up to $1 billion through external commercial borrowings (ECBs) in order to promote low-cost housing projects. RBI said that the funds raised through ECBs should be used either for developing low cost housing projects or [...] Continue Reading »
ICICI Bank has planned a particular kind of home loan to cater to the needs of Non-Resident Indians (NRIs) who plan to buy properties in India. ICICI Home Loan to NRI offers an extensive range of products considered to facilitate NRIs to buy or build their long dream home in homeland. The bank has specific [...] Continue Reading »
