Non-banking finance companies wants the Reserve Bank of India to relax compliance with norms for reserve ratio, priority sector and sectoral exposure while transforming into a bank. Also, through industry lobby group Finance Industry Development Council (FIDC), they have requested the regulator t... Read more...
Affordable housing projects continue to be the dominant segment in the NCR market as 87% of the new launches were concentrated in the less than Rs 45-lakh price bracket during the October to December 2020 quarter, according to Real Insight Q4 2020, a quarterly analysis of India’s eight prime resid... Read more...
THE YEAR 2020 STARTED WITH ENCOURAGING PREDICTIONS, PEGGING A MOMENTUM OF GROWTH ACROSS REAL ESTATE SEGMENTS. IT’S FAIR TO SAY 2020 TURNED OUT BE A YEAR LIKE NO OTHER, FOR THE WORLD AND THE REAL ESTATE BY DEFAULT. BUT AMONG ALL THE CHALLENGES, THERE HAVE ALSO BEEN LEARNINGS AND TAKEAWAYS FOR THE I... Read more...
The real edge for home loan lenders, among other non-banking financial companies (NBFCs), has been easy funding. HFCs have kept funding costs from rising for them despite the pandemic. One factor has been that a housing loan is seen as secured lending with loans being collateralized and safe. Anothe... Read more...
Pradeep Aggarwal, Co-founder & Chairman, Signature Global and Chairman, National Council on Affordable Housing, ASSOCHAM The year 2020 started with much hope as real estate sector was sailing through; the predictions for the year were encouraging with many pegging it at growing leaps and boun... Read more...
The Reserve Bank of India (RBI), told the Supreme Court that extending the date of the loan moratorium is “not viable”. The lending institutions shall frame board-approved policies pertaining to implementation of viable resolution plans for eligible borrowers under this framework, ensuring that ... Read more...
India’s central bank has proposed a scale-based regulatory framework for shadow lenders, underscoring their increasing importance in driving financial inclusion, as banking gets increasingly interconnected with the last-mile financiers that are helping millions step on to the consumption ladder. ... Read more...
The Monetary Policy Committee (MPC) decided to keep interest rates unchanged. It has maintained the policy stance at "accommodative", amid high inflation and some signs of economic recovery. MPC made a unanimous decision to keep the repo rate steady at 4 percent, Reserve Bank of India Governor Shakt... Read more...
The RBI maintained status quo as the MPC voted unanimously to hold rates steady. The repo rates have kept unchanged at 4%, and the RBI expects positive growth in Q3 and Q4. The real estate sector was expecting some additional announcements; however, the sector has to rely on the announcements made i... Read more...
Excerpts of the Speech by RBI Governor Shaktikanta Das on the Monetary Policy Committee (MPC) decision to keep interest rates unchanged. Let me begin by setting out the thinking that went into the MPC’s decision and its rationale. The MPC was of the view that inflation is likely to remain eleva... Read more...