Reserve Bank of India
According to the Reserve Bank (RBI) data released on Tuesday, borrowings by Indian firms declined by over 3 % from a year ago to $ 1.89 billion in June 2014. During June 2013, India Inc. had raised $ 1.95 billion from overseas markets by way of external commercial borrowings (ECBs). Of the total companies raising [...] Continue Reading »
There is some good news for the Infrastructure projects. The sector was reeling under the slowdown and the banks had declared many loans to such projects as bad debts. Infrastructure companies may take advantage of a small window of opportunity offered by the Reserve Bank of India (RBI) to refinance at least Rs 30,000 crore [...] Continue Reading »
The chronic housing shortage in India requires reforms in the banking sector and investment policies. Then only Modi’s dream of Housing for all’ by 2022 will come true. Sunil Mantri the President of National Real Estate Development Council (NAREDCO) stated that currently the bank’s exposure to the realty sector is only 5 %. This is [...] Continue Reading »
The Reserve Bank of India (RBI) apparently has plans underway to relax the restrictions under the Foreign Exchange Management Act (FEMA); in an apparent attempt to enable non-resident Indians (NRIs) to purchase property in India jointly with their spouse holding foreign passports. RBI executive director G Padmanabhan has called for a review of the existing rules [...] Continue Reading »
The public sector lender Bank of Maharashtra on Monday stated that it has been planning to start the infrastructure bonds in the upcoming six months in order to raise funds. The Reserve Bank of India (RBI) has recently omitted long term bonds from the mandatory regulatory norms like the Cash Reserve Ratio or CRR, the [...] Continue Reading »
The Reserve Bank of India (RBI) has dropped the threshold for partial take-out financing by new lenders to a minimum of 25 % of the outstanding loan from 50 % now. The guidelines for refinancing the project loans were eased to quite an extent and the RBI declared that the reworked loan will not be considered [...] Continue Reading »
Non-resident Indians planning to buy property in India jointly with their spouses holding foreign passports could soon be allowed to do so. The Reserve Bank of India (RBI) is planning to relax the restrictions under the Foreign Exchange Management Act (FEMA), which make such acquisitions difficult. Currently if an NRI wants to buy a house or any [...] Continue Reading »
It is expected that around Rs 40,000 crore of surplus liquidity will be infused in the system. This positive sentiment has come in the market after theRBI’s (Reserve Bank of India) decision to reduce the statutory liquidity ratio (SLR) by 50 basis points. India Inc. believes that this will keep liquidity buoyant, help meet industry’s [...] Continue Reading »
The Finance Industry Development Council (FIDC) has suggested a few things to provide a thrust to the ailing infrastructure industry. Equipment used in building of roads, ports, airports and other infrastructure should be treated as “infrastructure” for the purpose of lending by banks. Bringing “equipment” within the scope of the list of “infrastructure” sectors for [...] Continue Reading »
Home loan rates have been cut by HDFC to 10.15 percent for new borrowers with effect from August 1, 2014. The new rates will be applicable for the loans of all new borrowers regardless of the loan amount. Going by the information obtained by Financial Chronicle, the scheme under which HDFC has slashed home loan [...] Continue Reading »
