In the real estate sector, purchasing a Non-Performing Asset (NPA) property can present challenges but also opportunities for substantial rewards. Therefore, it is crucial to comprehend the associated risks and potential gains. Have you … READ FULL STORY
June 9, 2023: The Directorate of Enforcement (ED) on June 5, 2023, conducted searches at seven locations in Karnataka, owned by Bangalore-based real estate furnishings company Bharath Infra Exports and Imports and its related entities … READ FULL STORY
A non-performing asset or NPA is a term used to describe loan or credit for which the principal or interest payment remained overdue for 90 days or more. What is NPA? An NPA … READ FULL STORY
HDFC chairman Deepak Parekh, on January 28, 2020, said that they were talking to the regulators and the Finance Ministry, on a one-time restructuring of loans for realty projects. “We have requested the NHB … READ FULL STORY
If there is a failure in the home loan EMI payment, the bank may send you a legal notice and consider you as a loan defaulter. Recently, the government of India strengthened the laws … READ FULL STORY
On November 6, 2019, the union cabinet approved the setting up of an Alternative Investment Fund Category-II (AIF), to provide priority debt financing of up to Rs 25,000 crores, for completing stalled housing projects … READ FULL STORY
Total bad loans of commercial banks declined by Rs 1.02 lakh crores, to Rs 9.34 lakh crores in the 2018-19 fiscal, on the back of steps taken by the government, finance minister Nirmala Sitharaman … READ FULL STORY
The CBI has filed an FIR against Hyderabad-based BNR Infra and Leasing Limited, its promoters B Narasimha Reddy, S Bindusagar Reddy, advocates Nellutla Jagan, V Narasinga Rao and D Prabhakara Reddy and valuer N … READ FULL STORY
It may be true that ‘when the going gets tough, the tough get going’, but this does not seem to hold true for the Indian real estate sector currently. The ongoing crisis in the … READ FULL STORY
Banks are witnessing a spurt in asset quality stress in the non-corporate segment and the overall loan loss provisions for lenders, are expected to stay elevated till fiscal year 2019-20, a report said. The … READ FULL STORY
A parliamentary committee has questioned the Reserve Bank of India (RBI), for failing to take preemptive action in checking bad loans in the banking system, prior to the Asset Quality Review undertaken in December … READ FULL STORY
Non-banking finance companies’ (NBFCs’) and housing finance companies’ (HFCs’) wholesale credit book, which includes real estate and infrastructure lending, is likely to grow at 21 per cent annually till 2020, said a report. Asset … READ FULL STORY
Reliance Infrastructure subsidiary Delhi Airport Metro Express Private Ltd (DAMEPL), which pulled out from running the Airport Express metro line, has agreed in the Delhi High Court, on April 10, 2018, not to enforce … READ FULL STORY
