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Tag Archives: Bank Of India

India’s economic growth falls further to 7.6%

November 28, 2008 – 10:56 am

India’s economic growth declined to 7.6% for the second quarter of this fiscal, leaving industry with the hope that policy measures taken over the past month will avert a further fall and help revive manufacturing.
The country’s growth was 7.9 percent during the first quarter of the fiscal (April-June) and 9.2% during the second quarter of [...]

By Rajani | Posted in Real Estate News | Also tagged Applied Economics, Central Statistical Organisation, Current Fiscal Year, Delhi School Of Economics, Economic Depression, Economics Research, Finance Minister, Fiscal Year Ending March, Global Economic Slowdown, Indian Economy, Manmohan Singh, P Chidambaram, Policy Measures, Prime Minister Manmohan, Prime Minister Manmohan Singh, Rbi Governor, Reserve Bank Of India, Sri Ram, Subbarao | Comments (0)

RBI makes recast of realty loans tougher

November 20, 2008 – 8:06 am

India’s struggling real estate sector is set to come under further pressure in the coming weeks as the Reserve Bank of India (RBI) has made it tougher for banks to ‘restructure’ loans, forcing them to cut house prices or risk being starved of bank funding. Banks often resort to restructuring loans — a practice aimed [...]

By Rajani | Posted in Real Estate News | Also tagged Head Above Water, House Prices, Indian Banks Association, Non Performing Assets, Real Estate Sector, Realty Loans, Reserve Bank Of India, Service Loans | Comments (0)

Save money by shifting home loan to public sector banks

November 15, 2008 – 5:10 am

The Indian government is trying hard to bring down the interest rates in order to counter the economic slowdown. Indian finance minister, Mr. P. Chidambaram, met with heads of private as well as PSU banks and advised them to lower lending rates.
Expectedly, several public sector lenders were first to follow the advise. SBI have lowered [...]

By Rajani | Posted in Real Estate News | Also tagged Allahabad Bank, Bank Of Baroda, Bank Of Commerce, Bps, Central Bank Of India, Citibank, Dena Bank, Economic Slowdown, Foreign Banks, Home Loan, Indian Finance Minister, Indian Government, Oriental Bank Of Commerce, P Chidambaram, Plr, Prime Lending Rates, Psu Banks, Public Sector Banks, Syndicate Bank | Comments (0)

Home loan sales reviving

November 11, 2008 – 1:44 am

Bankers believe their strained home loan portfolios will see relief in the coming quarters, with interest rate cuts coming into force.
“We expect our home loan offtake to increase by 22 per cent y-o-y next quarter with the fall in interest rates,” said B.R. Pai, General Manager, Syndicate Bank. The bank, which has sixty-five hundred crore [...]

By Rajani | Posted in Real Estate News | Also tagged Basis Points, Canara Bank, Confederation, Credai, High Interest Rates, Home Loans, Interest Rate Cuts, Liquidity, Loan Portfolio, Loan Portfolios, Loan Sales, Prime Lending Rates, Public Sector Banks, Real Estate Developers, State Bank, State Bank Of India, Syndicate Bank | Comments (1)

Borrowers will have to wait for lower lending rates

October 22, 2008 – 5:16 am

According to HDFC chairman Deepak Parekh, lending rates would ease only after deposit rates come down, which will take some time to happen. The statement comes at a time when most people hoped that banks would start lowering their lending rates, following the recent repo cut by the Reserve Bank of India (RBI).
Welcoming the liquidity [...]

By Rajani | Posted in Real Estate News | Also tagged Banks, Borrowers, Economy, Infusion, interest rates, Liquidity, Rbi, Real Estate Sales, Repo Rate, Reserve Bank Of India | Comments (0)

How will India Survive In Global Financial Crisis

October 15, 2008 – 1:36 am

The significance of the financial crisis that has hit the US economy can be measured from the fact that the cost of the rescue of these financial giants to the Federal Reserve and Treasury Department has been estimated at close to a trillion dollars.
According to some analysts, the total cost on this count could go [...]

By Rajani | Posted in Real Estate News | Also tagged Asian Development Bank, Asian Economies, Budget, Economic Management, Financial Giants, Financial Turmoil, Gdp Growth, Global Financial Crisis, Growth Expectations, Industrial Economies, Liquidity, Reserve Bank Of India, Treasury Department | Comments (0)

Overbuilding Promises A Kick In The Gut For Realtors

September 28, 2008 – 11:31 pm

Nipun Sahni, director and global head of commercial real estate at Merrill Lynch Capital, says the number of information technology parks and special economic zones in the 21-km Old Mahabalipuram Road — popularly known as OMR — in Chennai surpasses demand in the entire IT industry in India.
he said at a Ficci seminar, “It will [...]

By Rajani | Posted in Real Estate News | Also tagged Close Proximity, Dlf India, Economic Zones, Global Head, Headwinds, Indore, Mahabalipuram Road, Merrill Lynch, Merrill Lynch Capital, Noida, Omr, Oversupply, Parel, Puravankara, Rate Hikes, Reserve Bank Of India, Stock Markets, Technology Parks, Vacancy Rates | Comments (1)

Ten Billion Dollar Ready To Make India Entry Through FVCIs

August 27, 2008 – 2:54 am

Lack of clarity over foreign venture capital investments (FVCIs) in India has led to 83 applications from foreign venture capital firms piling up with the Reserve Bank of India for approval.
Of these, about 28 venture funds (non-real estate funds) which have sought approval have committed close to $10 billion to India, according to lawyers involved [...]

By Rajani | Posted in Real Estate News | Also tagged Asset Price Bubble, Capital Inflows, Financial Sector, Foreign Direct Investment, Hiccups, Hirani, India Entry, Market Participants, Policymakers, Private Equity Firms, Real Estate Sector, Regulators, Reserve Bank Of India, Sebi, Venture Capital Firms, Venture Capital Funds, Venture Capital Investment, Venture Capital Investments, Venture Funds | Comments (1)

Indians Show Interest For Foreign Property, Stocks

August 1, 2008 – 5:53 am

The savvy Indian investor is no longer content with restricting his investment horizon to the equity or property markets at home. A growing number of Indians are now buying property abroad and also taking an exposure to stocks of foreign firms and debt products. Hard numbers are a testimony to this fact.
From a mere $9.6 [...]

By Rajani | Posted in Real Estate News | Also tagged Acquiring Property, Capital Inflows, Chip Firms, Debt Products, Forex Reserves, High Net Worth Investors, Indian Investors, Investing In Stocks, Investment Horizon, Leeway, Liberalization, Property Markets, Property Stocks, Rbi, Reserve Bank Of India, Structured Products | Comments (1)

SBI Recovers Two Thousand Crore Rupees’ Bad Loan

July 15, 2008 – 3:53 am

State Bank of India is likely to report an improvement in its asset quality when it presents its first quarter results. According to top SBI sources, the bank has recovered bad loans worth around two thousand crore rupees during April-June 2008.
Top SBI executives, when contacted, refused to comment. SBI managing director S K Bhattacharya said, [...]

By Rajani | Posted in Real Estate News | Also tagged Asset Quality, Commercial, Credit Quality, Debt, Investments, Loan Management, Real Estate, Retail Loans, S K Bhattacharya, State Bank, State Bank Of India | Comments (1)