Posts tagged with RBI

RERA Pitches for Realty Debt Recast
Jul 2020 , by in Latest News, News/Views

Real estate regulators are writing to the RBI, seeking one-time debt restructuring for the industry to help developers overcome the liquidity issues, Uttar Pradesh RERA Chairman Rajive Kumar recently said. Industry bodies CREDAI and Naredco have been demanding onetime restructuring of developers ... Read more...

RBI Silent On Loan Restructuring
Jun 2020 , by in Latest News, News/Views

While, the central board of the Reserve Bank of (RBI) in its recently held  583rd meeting discussed the current economic situation, evolving challenges posed by the Covid 19 pandemic and the central bank's activities during the July 2019 to June 2020 financial year, it has remained silent on whethe... Read more...

Residential Mortgage Securities Listing by RBI
Jun 2020 , by in News/Views

The Reserve Bank of India is proposing to carve out differential guidelines for residential mortgage-backed securities and set the stage for their listing. That’s according to a new draft framework for ‘Securitisation of Standard Assets. The key changes in the draft include a revised definiti... Read more...

Banks Withhold Home Loan Disbursement
Jun 2020 , by in News/Views

In the current crisis, due to salary cuts and large-scale retrenchment across businesses, banks want to ensure that homebuyers can service their loans in future. Flat buyers whose loans were sanctioned by banks have been asked to resubmit their new salary slips, before fresh disbursement to prove th... Read more...

RBI Cushions The Economic Blow Of Covid-19
Jun 2020 , by in Latest News

In the current pandemic situation, banks globally are hesitant to transmitting money to businesses considering it a risky proposition. The central bank to ensure adequate liquidity in the system has reduced the reverse repo rate - the rate at which banks park their fund with the central bank - by 25... Read more...

GDP to expand 5% in FY22
May 2020 , by in Latest News, News/Views

The country's economy, which is likely to contract by 5 percent in the current fiscal, may expand by around 5 percent in the next financial year according to Former RBI Governor Duvvuri Subbarao. "I do believe that getting up to 5 percent next year (FY22) is quite probable. The reason I say that ... Read more...

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