Disappointed with government’s measures to boost real estate: CREDAI

NEW DELHI: India’s apex realtors group said it is disappointed with the government’s measures to support the sector, as it did not address the key demands such as tax rebate and lower interest rate for home buyers and developers. CREDAI’s National Chairman Jaxay Shah said the fund created for completing the stalled real estate projects … Read moreDisappointed with government’s measures to boost real estate: CREDAI

Sebi mulls slew of reforms; tighter check on rating agencies, reward and hotline for informants

New Delhi: With an aim to further safeguard investors’ interests and to take defaulters to task, capital market regulator Sebi is planning to unveil a slew of reforms, including for greater checks on credit rating agencies and for rewarding informants in insider trading cases with up to Rs 1 crore reward. The regulator is also … Read moreSebi mulls slew of reforms; tighter check on rating agencies, reward and hotline for informants

DHFL seeks a Rs 15,000-crore lifeline as resolution plan gets delayed

MUMBAI: Troubled mortgage lender Dewan Housing Finance (DHFL) has sought Rs 15,000-crore immediate funding from banks for on-lending to retail customers as well as to project developers, say sources. Last week, the nearly crippled company had submitted a draft resolution plan to lenders which are yet to be approved by them. “The company has asked … Read moreDHFL seeks a Rs 15,000-crore lifeline as resolution plan gets delayed

Ministry to issue norms this week for NBFC asset buy scheme

NEW DELHI: The Department of Financial Services (DFS) will issue the norms for the one-time partial credit guarantee scheme for public sector banks (PSBs) to purchase high-rated pooled assets of financially sound non-banking finance companies (NBFCs), a senior official said on Tuesday. “The guidelines are ready, we will issue them in 1 to 2 days … Read moreMinistry to issue norms this week for NBFC asset buy scheme

NBFC crisis has bottomed out; govt, RBI will closely monitor situation: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman Saturday said the NBFC crisis seems to have bottomed out and the government along with the RBI will closely monitor the situation to ensure that the sector comes out of the wood. Sitharaman in her Budget on Friday announced a series of steps to give relief to non-banking financial companies facing … Read moreNBFC crisis has bottomed out; govt, RBI will closely monitor situation: Nirmala Sitharaman

Tougher liquidity norms may help HDFC, Bajaj Finance and L&T Fin to outperform

The central bank’s proposal to enforce strict liquidity norms on NBFCs should help companies backed by large parent groupings and strong credit rating, such as Bajaj Finance, HDFC and L&T Finance, to outperform and help speed up industry consolidation. Besides the above, brokerages also expect Mahindra & Mahindra Financial Services (MMFS), LIC Housing, Cholamandalam Financial … Read moreTougher liquidity norms may help HDFC, Bajaj Finance and L&T Fin to outperform

Top-level appointments to NHB, IIFCL expected soon: Sources

NEW DELHI: With the new government taking charge this week, top-level and senior appointments to financial institutions that are pending for months are expected to be cleared soon, sources said. A government-appointed panel had conducted interviews to fill top positions at National Housing Bank (NHB) and India Infrastructure Finance Company (IIFCL). The names of shortlisted … Read moreTop-level appointments to NHB, IIFCL expected soon: Sources

New vehicle for long-term infra finance on the anvil

India is proposing to create a new entity for financing infrastructure that will seek to bolster lower-rated bonds issued by companies in the sector. The National Housing Bank (NHB), National Bank for Agriculture and Rural Development (Nabard) and India Infrastructure Finance Company Ltd will be roped in as investors for the proposed entity National Infrastructure … Read moreNew vehicle for long-term infra finance on the anvil

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