The provisions related to owning of an immovable property outside India by a resident Indian, are governed by the Foreign Exchange Management Act (FEMA). Owning an immovable property The FEMA restricts Indian residents … READ FULL STORY
Data from the Reserve Bank of India (RBI), released on November 8, 2019, showed that the currency with the public grew 15.2% to Rs 21.59 lakh crores, as of the fortnight to October 25, … READ FULL STORY
The National Housing Bank (NHB) has directed housing finance companies to desist from extending loans under the subvention scheme. This move by the NHB, is expected to squeeze the liquidity position of real estate … READ FULL STORY
The south-based Federal Bank on August 31, 2019 announced that it will link its savings deposit rate to external benchmarks, becoming the first private sector lender to initiate such a move.
It is not only the real estate sector but the whole economy, which is facing a slowdown in growth. Several reasons have been attributed to this, including global trade disturbances, internal issues, lack of … READ FULL STORY
Loan-to-value (LTV) is a ratio of the amount of loan that can be given to the total value of the property. The LTV can range from 75 per cent to even 90 per cent … 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 RBI had, in June 2019, reduced the key policy rate, making it the third time in a row that it did so, in the calendar year 2019. Till June 30, 2019, the repo … READ FULL STORY
With a view to strengthening the supervision and regulation of commercial banks, urban cooperative banks and non-banking financial companies, the Reserve Bank of India (RBI) board has decided to create a specialised supervisory and … READ FULL STORY
After repeated nudging by the Reserve Bank of India (RBI), the nation’s largest lender State Bank of India (SBI), on April 9, 2019, followed its smaller peers to lower the lending rates by a … READ FULL STORY
The Reserve Bank of India (RBI), on April 4, 2019, cut the benchmark interest rate by 0.25% for the second time in a row, to bring the interest rate to the lowest level in … READ FULL STORY
In order to tide over temporary liquidity crunch, banks borrow from the Reserve Bank of India (RBI), against government securities. The rate at which the RBI lends money to banks, is known as the … READ FULL STORY
The Central Information Commission has pulled up the Reserve Bank of India (RBI) for ‘perfunctory handling’ of an RTI application, seeking records of its board meetings where the issue of demonetisation was deliberated and … READ FULL STORY
