RBI
Realtors’ body CREDAI (The confederation of Real Estate Developers’ Association of India) today appreciated the RBI’s (Reserve Bank of India) move to ease norms for banks to raise long term funds for financing affordable housing. They believe that this will lead to cheaper credit for such projects. In order to encourage infrastructure development and affordable housing, [...] Continue Reading »
RBI (Reserve Bank of India)issued a directive on Tuesday that the Infrastructure bonds issued by the banks will have a minimum maturity period of seven years and will not be considered a part of the their net demand and time liabilities (NDTL). RBI also gave the authority to the banks to issue these rupee-denominated bonds [...] Continue Reading »
The change in direct taxes levied by the government will leave the corporate with more amount of money to spend on investing and kick starting growth. The only bad news is the increment in the effective dividend tax distribution which is a tax that companies pay on dividends. However their outgoing tax may increase only [...] Continue Reading »
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 »
Impacting the finances of banks and infrastructure developers, infrastructure development, which should have been funded by the corporate bond market, was done through banks. Krishnan said at a CII event on corporate bond market, “From the first three pillars, the corporate bond market will develop high-grade instruments, whereas the fourth pillar would provide stability to [...] Continue Reading »
The RBI has suggested that banks must effect any change in floating rate loans only at the agreed-upon reset date. This is aimed at ushering in transparent and appropriate pricing of credit, according to an RBI working group. This is good news for existing home loan borrowers. What this means is that any change in [...] 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 »
Pune real estate sector is witnessing some renewed interests of private equity players. The reasons may be the uninhibited influx of professionals and a robust local economy, which is relatively less affected by the economic downturn, The developers have also ensured a steady demand for homes and offices in the city. This has helped induce [...] Continue Reading »
Banks must effect any change in floating rate loans only at the agreed-upon reset date, RBI suggested. This aims at ushering in transparent and appropriate pricing of credit, according to an RBI working group. It was suggested by the group that floating rate loan agreements can have interest rates reset monthly, quarterly, half-yearly, etc. This [...] Continue Reading »
The RBI pointed out that bank should make sure that all future transactions related to the sale and purchase of real estate as well as acquisition on lease or rental basis at the overseas centers are done as per the board approved policy. This directive has been issued after it came to the central bank’s [...] Continue Reading »
