Reserve Bank of India
RBI (Reserve Bank of India) has decided to cut the statutory liquidity ratio (SLR). This move was welcomed by the real estate developers and property consultants as this would enable the banks to lend more to the industry, including the cash-starved realty sector. However in order to boost the housing sales, the developers demanded easing [...] Continue Reading »
The Reserve Bank of India (RBI) on Friday said foreign investors cannot purchase shares of Repco Home Finance and South Indian Bank as their shareholding in these companies has crossed the threshold limit. This is in a way a good news as there is so much demand for these shares in the market that they are [...] Continue Reading »
IndiaInfrastructure Finance Co. Ltd (IIFCL)’s UK subsidiary aims to raise $1 billion in foreign parts by knocking the alternate foundations of funding to lend more. Currently, IIFC (UK) is financed by $5 billion Reserve Bank of India (RBI) line of credit. Since the central bank of the country is implausible about extending the credit limit, [...] Continue Reading »
On Tuesday, the Reserve Bank of India (RBI) clarified the issues regarding ‘affordable housing’; with the apparent objective of giving the affordable housing segment a notable boost. According to the RBI’s clarifications, ‘affordable housing’ loans will comprise home loans which will be given by banks from the proceeds of long-term bonds of a maturity period [...] 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 »
In an evident gearing-up attempt to fund the massive infrastructure plans of the new government, India Infrastructure Finance Company (IIFCL) is assessing the option of overseas bond issuance. According to the information shared by IIFCL Chairman and Managing Director SB Nayar, the IIFCL has a credit line of $5 billion from the Reserve Bank of India [...] Continue Reading »
The latest data from the Reserve Bank of India shows that the growth in loans to industries continued to be lukewarm in April, rising a mere 12.3% to Rs 25, 14,000 crore compared to a growth of 15.6% in the same period last year. Compared to the large industries, the banks are more keen to render [...] Continue Reading »
In a move which underscores an evident attempt by the Reserve Bank of India (RBI) to give infrastructure lending a notable boost, the country’s central bank will likely give the banks the ability to issue infrastructure bonds. The infrastructure bonds which the banks will be allowed to issue will not attract provisions like the mandatory [...] Continue Reading »
In a working paper on infrastructure finance submitted recently to the Reserve Bank of India (RBI), state-run IIFCL has urged the country’s top bank to ease repayment periods, so that infrastructure firms can be protected against potential cash blows. The IIFCL has made a request to the RBI to give the lenders the ability to extend [...] Continue Reading »
The Reserve Bank of India (RBI) once it revisits the existing guidelines will open up the banking space to more entrants. In the past the central bank has observed that it needs more differentiated players in the system and that licences would be available ‘on tap’; in keeping with this viewpoint, windows for accepting applications [...] Continue Reading »
