The minister stressed that the economies of scale like in the case of LED bulb distribution programme, would help the nation to adopt better technologies at competitive rates without any subsidy.
The revised inflation trajectory which is appreciably lower than the earlier assessment made in April 2017 coupled with the less hawkish tone of the policy statement seem to suggest a possibility of rate cut in the coming quarters.
The bank's first ever equity investment of $150 million aims to help attract private capital for infrastructure projects in India, the AIIB said in an emailed statement.
The Interest Subvention Scheme for 2017-18 has been approved in the Cabinet meeting, headed by Prime Minister Narendra Modi, today.
While the power sector has been battling debt, banks and government have been hard at work on a bailout mechanism. But with many challenges facing the sector, it may not work.
Uttar Pradesh and Punjab had announced such measures recently. According to Kotak Institutional Equities, frequent occurrence of such populist actions may lead to "risks of impaired credit discipline and weak risk-reward for banks" and reduced credit availability for borrowers.
The bank's exposure of loans to top 20 largest borrowers declined by 22 percent to Rs 1.82 lakh crore in FY17. This accounted for 11.19 percent of total loans.
In an interview to CNBC-TV18, Keki Mistry, VC & CEO of HDFC shared his readings and outlook on RBI's bi-monthly policy.
Though you may have salary or income to support your home loan application, here are some factors you cannot ignore.
Repco Home Finance's net interest margins have remained on the higher side due to a rise in non-salaried customers while the asset quality has largely remained stable despite demonetisation.
In an interview with CNBC-TV18, Keki Mistry, VC & CEO of HDFC spoke about the slash in home loan rates.
The central bank said it had skipped daily open market operations on Friday, marking the fifth day in two weeks that it has declined to inject funds into the system via its usual route.
To push growth in the affordable housing loan segment, banks and non-banking financial companies (NBFCs) are looking at making interest rates more competitive to capture the potentially lucrative and untapped mass segment.
Public sector Housing & Urban Corporation (Hudco) offers techo-financial solutions for affordable housing and urban development.
To whom are these reduced rates applicable The reduction in State Bank of India‘s (SBI‘s) rates, is not as widely applicable, as is made out to be. It is not that the home loans R
State Bank of India, on May 8, 2017, announced a steep reduction in its affordable home loan rates by up to 25 basis points, with the lowest rate of 8.35 per cent for new R
SBI has announced rate cut in home loans by 25 basis points to 8.35 percent per annum. With this reduction, SBI's offering is the lowest in the market. The new rate will be effective from May 9th, 2017.
Financial sector experts believe lenders would gain extra comfort in extending loans to homebuyers under the new real estate law, which came into force from May 1.
Watch the interview of NS Venkatesh MD, Lakshmi Vilas Bank and Mohan Jayaraman MD, Experian Credit Bureau-India with Surabhi Upadhyay on CNBC-TV18, in which they shared their views on the concept of personal credit history.
"If these things spreads as is possible. So I think that's a kind of big challenge,” he said in an apparent disagreement of the recent move by Uttar Pradesh Chief Minister Yogi Adityanath to waive agricultural loans worth Rs 36,000 crore in the state.
The BSE-listed company has an estimated debt of Rs 200 crore, including the working capital, as on March 31, 2017 of which term loans were Rs 30 crore.
Personal loans has emerged as the most popular option among travelers since it is extremely easy and convenient.
Tweeting about the Tuesday’s Cabinet meeting, Uttar Pradesh Health Minister Sidharth Nath Singh said the agenda was to “serve the common man”.
State-owned ONGC, which accounts for about two-thirds of India's total natural gas production, is likely to produce close to 25 billion cubic metres (bcm) of gas in fiscal 2018, the executives told Reuters.
Home loan interest rates have reduced significantly on the back of huge inflow of deposits in the banking system and creating a good atmosphere for end-users. Homebuyers can now purchase homes of their choice by making full cheque payment.