By Abhay Shah, Realty Quarter On Wednesday, the Reserve Bank of India (RBI) reduced the repo rate by 35 basis points from its present 5.75% to 5.40%. The reverse repo rate is also cut to 5.15%. Repo rate is the price at which commercial banks are provided with money from the RBI. A repo rate reduction enables banks […]
The RBI decreases its repo rate by 35 basis points, fourth consecutive time in 2019.more
By Abhay Shah, Realty Quarter In June 2019, the RBI lowered its main policy rate, and in the calendar year 2019, it did it for the third time in a row. The repo rate was reduced by approximately 0.75% by 30 June 2019. While the repo rate by the RBI has declined by 0.75% […]
The effects of the new RBI repo rate on Banks and NBFCs.more
By Abhay Shah, Realty Quarter The minutes of the Monetary Policy Committee show that the shift in policy position of RBI will result in price reductions in the future, said a report on Friday. Governor Shaktikanta Das had confined himself to say that, in the future, there will be no price increases following the June 6 […]
Change in RBI’s stance suggests further price reductions: Nomura.more
By Abhay Harish Shah, Realty Quarter The Foreign Exchange Management Act (FEMA) governs the provision for ownership of property outside India by a resident Indian. An Indian citizen may have a real estate overseas, subject to certain terms set out in the Foreign Exchange Management Act (FEMA). Owning a Property in abroad country: Without a particular […]
Rules by FEMA to purchase a property abroad.more
By Abhay Harish Shah, Realty Quarter Housing Finance companies (HFCs) are companies which are licensed to provide house loans under the NHB’s rules by the National Housing Board (NHB). On the other side, The Reserve Bank of India (RBI) regulates banks. New house buyers are often in a difficult situation to decide whether to apply for […]
Should you apply for a loan from an HFC or a bank? – Explained.more By Abhay Harish Shah, Realty Quarter For the third time this year, the real estate sector has welcomed RBI’s decision to lower interest rates by 25 basis points. It is expected to lead to a decrease in home loan EMIs and increase affordability for homebuyers. The main challenge, however, is for RBI to ensure that the […]
The RBI rate reduction will enhance the affordability of home purchasers – Latest Updatemore By Abhay Harish Shah, Realty Quarter In a statement on 21st May 2019, the Reserve Bank of India (RBI) board decided to set up a specialist overseeing and regulatory framework for the RBI with the aim of strengthening the supervision and regulation of commercial banks, urban cooperative banks and non-banking financial companies, the central bank […]
RBI will establish a specialized framework for bank and NBFC regulation.more
By Realty Quarter Bureau State-run Syndicate Bank increased its marginal cost of funds based lending rate (MCLR) by 0.1 per cent for various tenors of loans. The bank has revised MCLR and the new rates would be effective July 10, Syndicate Bank said in a filing to stock exchanges. Interest rates for loan tenors of overnight, […]
Syndicate Bank hikes lending rate by 0.1 %more
By Realty Quarter Bureau Housing loans of up to Rs 35 lakhs, for dwellings costing less than Rs 45 lakhs, will be treated as priority sector lending (PSL), to give a fillip to the low-cost segment, the Reserve Bank said, on June 19, 2018. PSL loans are relatively cheaper than market interest rates. “With a […]
RBI raises the housing loan limit for low cost homes segmentsmore By Realty Quarter Bureau In the second bi-monthly monetary policy for the current fiscal, the central bank revised upwards the retail inflation range to 4.8-4.9 % in the first half of 2018-19, and 4.7 % in the second half The Reserve Bank for the first time in four-and-half-years raised key interest rate today by 25 basis […]
RBI hikes interest rate by 25 basis pointsmore
