Reserve Bank of India
The chairman of State Bank Of India thinks after the decision taken by the RBI, the monetary transmission will increase over the industries. Credit absorption will increase for the commercial banking’s. Auto loans, farmer credit will see a good market opportunities. Public sector companies will also roll out their investment plans to absorb lot of [...] Continue Reading »
The real estate developer community has welcomed the Reserve Bank of India’s decision on reduction on repo rates. The builders association has expressed their concern that the decision will benefit both the real estate buyers and the developers. The CREDAI president said that the commercial banks should cut rates of interest so that home loans [...] Continue Reading »
According to the Reserve Bank of India (RBI), the value of the security of a real estate property does not cover the outstanding loan amount, which leads to larger non-performing assets (NPAs). It is tough to get a loan against the NPAs. As the risk weightage for any loan exceeding the Loan To Value of [...] Continue Reading »
The Reserve Bank of India reduced the repo rate by 50 bps to 8%. With this decision the loans are likely to get cheaper. After 13 consequent increases since 2010, the RBI has finally reduced the Repo Rate for the first time. According to RBI governor, the liquidity conditions are moving towards normal after several [...] Continue Reading »
Real estate property is a good market for investments. However, the income tax structure on the real estate transactions are sometimes confusing among the investors. In income tax there are two types of tax rules: short term capital gain (STCG) and long term capital gain (LTCG). If an investor sells any property within three years [...] Continue Reading »
Through a notification, Reserve Bank of India asked all the commercial banks in India to exclude the stamp duty and registration charges from the evaluation of the value of any property. So from now onwards the stamp duty amount needs to be paid by the buyers. Banks will not add the amount in the home [...] Continue Reading »
A good news has arrived for the Economically weaker sections (EWS)! Reserve Bank of India has announced that EWS sector should be given home loan by banks on priority basis. The main motive is to categorize the revenue adequately and ensure proper flow of credit to them. A committee has been assigned the task of [...] Continue Reading »
Property buyers are again to face a sharp blow for home loans. According to latest notice by the Reserve Bank of India, banks have to exclude the stamp duty, registration fees and other charges to calculate the total value of a property while giving a loan. This notification means there will be a setback in [...] Continue Reading »
Real estate prices boomed in the recent times and the property buyers are nowhere interested to purchase one at this point of time. These reasons have left nearly 32000 flats in Mumbai city unsold. Its a fact that the fluctuating real estate rates are scaring the property buyers in the city. Also the real estate [...] Continue Reading »
Reserve Bank of India (RBI) recently had set up a committee to taken initiative of ensuring proper flow of finance in India. This was also aimed to ensure transparent and non-discriminatory pricing of credit. Meanwhile the Deputy Governor of Reserve Bank of India, K C Chakrabarty reported saying that the housing finance companies and the [...] Continue Reading »
