The Reserve Bank of India has asked banks to set aside more pelf for loans to realty projects which may eventually make borrowing more costly for builders. An increase in capital requirement will force banks to hike the rate of interest on such loans. SA Bhat, chairman and managing director of Indian Overseas Bank gave [...]
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Also tagged adequacy, Bank Of India, bhat, Borrowers, Cash Reserve Ratio, Commercial Real Estate, crises, data banks, high risk, indian overseas bank, karvy stock broking, Managing Director, personal loans, prudential, prudential norms, rate of interest, real estate loans, Risk Weight, sector companies
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January 8, 2009 – 4:17 am
Home buyers could arrive back in the Indian real estate market in force after the Reserve Bank of India reduced rates and the cash-reserve ratio requirement. The bank slashed the repo rate by 100 basis points to 5.5% and the reverse repo rate to 4%. Officials also lowered the cash reserve ratio by 50 basis [...]
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Also tagged 100 Basis Points, Bank Of India, Banks, Cash Reserve Ratio, Clampdown, Financial Analysts, Home Buyers, Home Loan Rates, Indian Economy, interest rates, Omaxe, Real Estate Companies, Repo Rate, Reverse Repo, Stimulus Package
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January 3, 2009 – 5:30 am
Unveiling the package moments after the Reserve Bank of India slashed its key policy rates, the government said it was preparing to recapitalise state-run banks to the tune of twenty thousand crore rupees over the next couple of year to ensure the banking system does not suffer from capital adequacy constraints. Speaking on the actions, [...]
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Also tagged Bank Of India, Banking System, Basis Points, Capital Adequacy, Cash Reserve Ratio, Crr, Finance Companies, Liquidity Support, Monetary Policy, National Housing Bank, Negative Zone, Optimistic Scenario, Repo Rate, Reverse Repo, Sidbi, Slr, Term Interest
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December 10, 2008 – 6:33 am
DLF, Unitech and other real estate developers may lower prices by 30% by mid-2009 to nudge buyers out of their “wait and watch” stance, according to experts. The price cut, if implemented by the country’s builders will also push sales higher, especially of the affordable category, property consultants said. ”Many developers will come down on [...]
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Also tagged Bank Of India, Credit Crunch, Distant Suburbs, Growth Prospects, Jones Lang Lasalle, Jones Lang Lasalle Meghraj, Noida, Property Consultancy, Property Consultants, Property Developers, Real Estate Developers, Sensitive Index, Sub Prime Crisis
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December 9, 2008 – 1:03 am
JP Morgan India Pvt. Ltd. is working on a plan to invest 1 bn dollar in multiple industrial sectors in India. Kalpana Morparia, JP Morgan India’s chief executive officer, recently revealed that the company has invested nearly 500 mn dollar from the fund in 4 sectors of the Indian economy – real estate, infrastructure, manufacturing [...]
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Also tagged Bank Of India, Chief Executive Officer, Financial Sectors, Global Financial Crisis, Household Income Growth, Indian Economy, Industrial Sectors, International Banks, Jp Morgan, Jp Morgan Chase, Kalpana, Private Equity Investments, Urban Consumer
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December 8, 2008 – 5:59 am
Real estate companies have welcomed the government’s move to ask banks to announce a separate package for borrowers of home loans in the affordable housing segment as part of the overall stimulus plan to revive demand in the economy. “We welcome various measures announced today by the government in its economic stimulus package. These measures [...]
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Also tagged Bank Of India, Economic Stimulus Package, Government Data, Home Loans, Housing loan, Housing Shortage, Leading Real Estate, Loan Market, Montek Singh Ahluwalia, National Housing Bank, Private Banks, Public Sector Banks, Real Estate Developers, Sanjay, Similar Moves, Steel Industries, Unitech Ltd
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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 [...]
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Also tagged Applied Economics, Bank Of India, 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, Sri Ram, Subbarao
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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 [...]
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 [...]
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 [...]
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Also tagged Asian Development Bank, Asian Economies, Bank Of India, Budget, Economic Management, Financial Giants, Financial Turmoil, Gdp Growth, Global Financial Crisis, Growth Expectations, Industrial Economies, Liquidity, Treasury Department
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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 [...]
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Also tagged Bank Of India, Close Proximity, Dlf India, Economic Zones, Global Head, Headwinds, Indore, Mahabalipuram Road, Merrill Lynch, Merrill Lynch Capital, Noida, Omr, Oversupply, Parel, Puravankara, Rate Hikes, Stock Markets, Technology Parks, Vacancy Rates
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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 [...]
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Also tagged Asset Price Bubble, Bank Of India, Capital Inflows, Financial Sector, Foreign Direct Investment, Hiccups, Hirani, India Entry, Market Participants, Policymakers, Private Equity Firms, Real Estate Sector, Regulators, Sebi, Venture Capital Firms, Venture Capital Funds, Venture Capital Investment, Venture Capital Investments, Venture Funds
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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 [...]
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Also tagged Acquiring Property, Bank Of India, 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, Structured Products
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February 19, 2008 – 6:25 am
Reserve Bank of India plans to chalk out rules for companies dealing with credit card business and recommends making it obligatory for all players to register themselves with central bank prior to operating as issuers. Mr. V Leeladhar, RBI deputy governor, said “The regulations will have to be drawn out…They (companies) have to register”. Credit [...]
February 13, 2008 – 12:04 am
A day after public sector banks led by State Bank of India cut interest rates; Finance Minister P Chidambaram raised hopes of another round of cuts. It is known that in last month bankers waited before acting on Chidambaram’s suggestion. This time they appeared more cooperative, saying there was scope for fresh cuts. During a [...]
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