RBI rate hike
On Tuesday, the Reserve Bank of India (RBI) issued “draft guidelines,” with the evident aim of perking up the infrastructure sector. The “draft guidelines” will essentially give the banks the ability to provide partial credit enhancements to bonds which have been for financing infrastructure projects by companies/Special Purpose Vehicles (SPVs). According to the “draft guidelines” [...] Continue Reading »
The industry is facing a crunch and the fund gap over the next five years alone would be as high as $70 billion.The move of cutting property prices by 20% following RBI’s increase in repo has come in as a shock and will hit both developers and home buyers given the higher cost of funding, [...] Continue Reading »
