Posts tagged with RBI

UNCHANGED RBI REPO RATE: A DAMP SQUIB
Jul 2021 , by in Realty+ Connect

AS THE PANDEMIC CONTINUES TO IMPALE THE INDIAN ECONOMY, RBIS UNCHANGED RATES MEAN THAT HOME LOANS WON'T GET EXPENSIVE BUT, IT LEAVES REALTY DEVELOPERS HIGH AND DRY AS CONSTRUCTION COSTS MOUNT WITH NO RESPITE FROM GST OR OTHER TAXES. By: Sapna Srivastava For the sixth consecutive time, the Res... Read more...

Developers Demand One-time Loan Restructuring
Jul 2021 , by in News/Views

Realtors body NAREDCO has sought from the government one-time restructuring of loans and last-mile funding for stalled projects to save the realty sector from the liquidity crisis triggered by the pandemic. NAREDCO submitted a memorandum containing various expectations of real estate sector from the... Read more...

RBI Clears Takeover of PMC Bank by Centrum
Jun 2021 , by in ALLIED

The Reserve Bank of India on Friday announced that it has given an 'in-principle' nod to Centrum Financial Services to set up a small finance bank (SFB). This “in-principle" approval has been accorded in specific pursuance to the Centrum Financial Services Limited’s offer in response to the Expr... Read more...

95% Developers Fear Project Delays: CREDAI
Jun 2021 , by in News/Views

The Confederation of Real Estate Developers' Associations of India released findings of its first ever industry survey conducted across North, East, West and South zones between 24th May and 3rd June, 2021, to assess the impact of second wave of COVID-19 on real estate sector in India. Conducted wit... Read more...

MPC Leaves Repo Rate Unchanged: RBI
Apr 2021 , by in News/Views

Reserve Bank of India governor Shaktikanta Das announced that the repo rate and the reverse repo rate will remain unchanged at 4 per cent and 3.35 per cent, respectively, and the accommodative stance will go on as long as it is needed. For the fifth time in a row, the policy rates have been kept unc... Read more...

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