The Reserve Bank of India (RBI) governor Shaktikanta Das, on February 18, 2019, reiterated the need for banks to cut interest rates, saying that ‘transmission of monetary policy decisions is important’. “Transmission of rates … READ FULL STORY
The Enforcement Directorate (ED), on February 14, 2019, said it has attached properties worth Rs 904 crores, in connection with the DSK Group money laundering case. Deepak Kulkarni, the chairman and managing director of … READ FULL STORY
On February 7, 2019, the Reserve Bank of India (RBI) announced a cut in the repo rate by 25 basis points, during its bi-monthly monetary policy meet. With this, the repo rate now stands … READ FULL STORY
The Reserve Bank of India (RBI), on February 7, 2019, cut the benchmark interest rate by 0.25 per cent to 6.25 per cent, on expectation of inflation staying within its target range, in a … READ FULL STORY
The Reserve Bank of India (RBI) has proposed to allow companies faced with insolvency proceedings, to tap funds through external commercial borrowings, to repay their debts. As per the existing guidelines, the proceeds of … READ FULL STORY
Finance minister Piyush Goyal, on January 28, 2019, exhorted state-run banks to step up lending to micro, small and medium enterprises, agriculture and housing sectors and also assured these lenders of all kinds of … READ FULL STORY
Housing finance company DHFL has raised Rs 1,375 crores from funds managed by Oaktree Capital Management LP (Oaktree). The transaction was structured using RBI’s Securitisation Guidelines and involves securitisation of wholesale real estate project … READ FULL STORY
With the financial year entering the last quarter and the start of the new calendar year, the focus is back on the fiscal deficit, liquidity issue with financial institutions and NPA woes. In a … READ FULL STORY
While economic indicators were signalling an upward trend in the interest rates up to a few weeks ago, the Reserve Bank of India (RBI) chose to maintain a status quo on key policy rates, … READ FULL STORY
The Reserve Bank of India (RBI), in its last monetary policy review for the calendar year 2018, on December 5, 2018, left the repo rate unchanged while maintaining the stance of ‘calibrated tightening’ of … READ FULL STORY
Some of the leading banks in India, have recently hiked their interest rates on many lending products, including home loans. The rise in crude oil prices, inflation, global tension and fall in the value … READ FULL STORY
The significant fall in the value of the Indian rupee in the last six months, may be a cause for considerable concern, especially for the realty sector in India. A weak rupee against the … READ FULL STORY
When you buy a house through a home loan, lenders take into account your current income and accordingly, sanction the home loan, based on your eligibility at that point of time. With increase in … READ FULL STORY
