Tag: #RBI

Supreme Court rejects depositors’ plea for increasing withdrawals limit on PMC bank.

October 18, 2019

On 18 October 2019, the Supreme Court refused to entertain a plea filed on behalf of scam-hit bank account holders Punjab and Maharashtra Cooperative (PMC), seeking to lift restrictions imposed on cash withdrawals by the Reserve Bank of India (RBI). The petitioner Bejon Kumar Mishra told the lawyer Shashank Sudhi to file his petition on […]

Supreme Court rejects depositors’ plea for increasing withdrawals limit on PMC bank.more

RBI reviews the ongoing slowdown and the economic situation happening in various sectors.

October 12, 2019

On Friday, the Central Board of the Reserve Bank of India (RBI) reviewed the current economic situation, international and domestic problems and various fields of activity. The analysis is taking place in the midst of a more marked economic slowdown and recent PMC loan manipulations flagging a new threat to banking governance and NPA frauds. […]

RBI reviews the ongoing slowdown and the economic situation happening in various sectors.more

RBI’s fifth Repo Rate Cut may increase the real estate sales in this last quarter of the year.

October 4, 2019

By Abhay Shah The fifth consecutive rate cut this year by the Reserve Bank of India is in line with expectations and could probably help boost consumers’ feelings in advance of the festive season, a significant quarter for the selling of real estate. Nevertheless, real estate experts said it was not enough to help flagging […]

RBI’s fifth Repo Rate Cut may increase the real estate sales in this last quarter of the year.more

For all new housing loans, Banks are required to pass on rate cuts.

September 6, 2019

By Abhay Shah, Realty Quarter All banks have been obliged to link floating rates loan extended to retail and small businesses to the repo rate at which the lenders borrow from the RBI-or the Treasury bill rates from October 2019. The move comes in the days after banks in the public sector declared a slew of repo-linked loans after a nudge from Minister of […]

For all new housing loans, Banks are required to pass on rate cuts.more

Is the economic stimulus package of the Finance Minister going to revive the real estate industry?

August 29, 2019

By Abhay Shah, Realty Quarter In an effort to increase slowing economic growth in India, the finance minister lately announced a slew of projects. It is not just the real estate industry that is experiencing a slowdown in growth, but the entire economy. This has been ascribed to a number of factors, including global trade […]

Is the economic stimulus package of the Finance Minister going to revive the real estate industry?more

RBI new regulation declares Housing Finance Companies (HFCs) to be treated as NBFCs.

August 14, 2019

By Abhay Shah, Realty Quarter On August 13, the Reserve Bank said housing finance companies (HFCs) will be treated for regulatory purposes as one of the categories of NBFCs and will be under their direct supervision. The Finance (No 2) Act, 2019 (23 of 2019) modified the National Housing Bank Act, 1987, which conferred on […]

RBI new regulation declares Housing Finance Companies (HFCs) to be treated as NBFCs.more

35 bps rate cut welcomed but more needs to be done.

August 10, 2019

By Shishir Baijal, Chairman & Managing Director, Knight Frank India “In light of the present economic distress in the country, we welcome the move to bring down REPO rate by 35 bps however, we would have really expected to see a more substantial cut is the need of the hour for its effective transmission to […]

35 bps rate cut welcomed but more needs to be done.more

RATE CUT IN EXCESS OF 100 BPS – THE ONLY WAY TO KEEP THE REAL ESTATE HEAD HIGH!

By Shishir Baijal – Chairman & Managing Director, Knight Frank India The Indian economy is going through testing times. What was initially being perceived as a sector-specific degrowth has now panned out to be an overall economic slowdown.The automobile and fast moving consumer goods (FMCG) industries are in a slump, job markets are strained with […]

RATE CUT IN EXCESS OF 100 BPS – THE ONLY WAY TO KEEP THE REAL ESTATE HEAD HIGH!more

With 8.8% cap rate for commercial assets, India remains favourable market investment destination: Knight Frank Report

Mumbai, 26th July 2019 –Knight Frank, the independent global property consultancy, has come up with commercial research on Asia Pacific Capital Markets. With ongoing trade tensions and heightened economic uncertainties, many Asia-Pacific central banks have opted for a more dovish stance on their monetary policies. In the past six months alone, five Asia-Pacific central banks […]

With 8.8% cap rate for commercial assets, India remains favourable market investment destination: Knight Frank Reportmore

Indiabulls to become SME-focused bank after successfully getting merged with Lakshmi Vilas Bank.

August 8, 2019

By Abhay Shah, Realty Quarter Emitting for the assurance of having the regulatory approval for merger with Lakshmi Vilas Bank in two months and the combined company to be functional by next March, Indiabulls Housing Finance on Tuesday said it would become an SME-focused bank if the merger passed. Also, promoters leaving the real estate […]

Indiabulls to become SME-focused bank after successfully getting merged with Lakshmi Vilas Bank.more

Tag: #RBI

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