Articles tagged with: banks
Rating agency Moody’s today said the Reserve Bank of India’s (RBI) stricter norms for non-performing loans and for loans to commercial real estate would hurt banks’ profits. “The hike in RBI’s provisioning requirements is likely …
India’s Finance Minister Pranab Mukherjee said that while inflation is an “important factor,” the central bank shouldn’t “compromise” on the nation’s economic growth. Policy makers will have to “strike a balance” in setting interest rates, …
Despite the global financial meltdown owing to overexposure to the housing sector, Indian banks were quite bullish in their investments to the real estate. The total outstanding credit to the real estate sector by Indian …
Measures announced by the Central government to stimulate the economy by ensuring cheaper loans for homes and industry has raised hopes for people in the real estate and banking sectors. Banks like IDBI Home Finance, …
With the real estate sector showing little signs of revival despite several steps taken by the government and the central bank so far, banks are now asking developers to lower prices to clear their piled-up …
In spite of ample liquidity, banks are treading cautiously as far as lending to the real estate sector is concerned, and are seeking collateral as high as 150 per cent of the loan amount as …
Two of the country’s largest financial institutions, ICICI Bank and HDFC, are hoping that the government will clarify on Monday whether they will be reckoned as Indian entities for FDI purpose.
The foreign stake in the …
Real estate prices in India are plunging, projects are failing to take off and the industry is reeling under a severe liquidity crunch.”Transactions are down 80 percent, prices are on downward trend everywhere, new projects …
The Reserve Bank of India (RBI) may have relaxed norms for lending to commercial real estate by banks, but prudence in lending still tops the central bank’s agenda.
RBI has asked banks to be cautious about …
Even though the Reserve Bank of India (RBI) has reduced the risk weightage on loans to commercial developers and cut general provisioning for commercial real estate, commercial banks may not start lending to the sector …
