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.
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.
The first cabinet meeting presided over by Chief Minister Yogi Adityanath decided to float Kisan Rahat Bonds for raising Rs 36,359 crore required for waiving loans of small and marginal farmers who form 92.5 per cent of the total 2.30 lakh farmers in the state.
Stating that the NDB -- set up by the BRICS bloc two years ago -- must be alive to the role envisioned for it by its founders, he said India has a huge unmet need for infrastructure investment, estimated at about Rs 43 lakh crore (about USD 646 billion) over the next five years.
"India's external debt stock fell by USD 29.0 billion (6.0 per cent) to USD 456.1 billion, at end-December 2016 over the level at end-March 2016," an official statement said.
Indian banks' loans rose 4.4 percent in the two weeks to March 17 from a year earlier, while deposits rose 13 percent, the Reserve Bank of India's weekly statistical supplement showed on Friday.
New Development Bank (NDB) proposes to raise USD 300 to 500 million through 'Masala Bonds' and increase its exposure to infrastructure projects in India to around USD 600-700 million during the year, said its president K V Kamath.
Telecom Commission's arguments that reduced tariffs and promo offers are lowering government revenue and hitting financials of the sector are "inconsistent" with public policy objectives, regulator Trai has said.
Twenty six states are now part of the UDAY scheme, meant for the revival of debt stressed discoms, after Kerala, Arunachal Pradesh and Tripura formally joined the programme.
The IPO received bids for 36,98,979 shares against the total issue size of 33,32,000 shares, data available with the NSE till 1230 hrs showed.
Till December 31, 2016, there were 9,130 willful defaulters in the country who had taken loans amounting Rs 91,155 crore from various PSU banks, Minister of State for Finance Santosh Gangwar said in Lok Sabha.
SBI recently announced one time settlement for tractor loans but M&M Financial chief Ramesh Iyer says that they will not follow suit as such schemes depends on customer to customer. However, he said that such settlements protect the resale price of the tractor and avoids customers to sell the tractors in the market for a lesser price.
Besides, the apex auditor has recommended that the government's equity funding to the airline should be adjusted after taking into account the reduction in loan amounts and lower interest liability on non-convertible debentures.
It is really important that we do think of the financial implications the house will have on other aspects of our lives.
Banks have their reservations as well. With housing prices going up constantly and banks having a good deal of NPAs, lenders also evaluate the property and the borrower‘s profile before handing out loans.
While Kingfisher House will be put under the hammer for the fourth time after three failed attempts, Kingfisher Villa is being put on sale for the third time. The reserve prices for both the properties owned by Mallya have been lowered after the earlier attempts of the 17-lender consortium failed to attract bidders.
Seeking to strike a contrast, he said the previous UPA government headed by Manmohan Singh had waived the farmers' loans amounting to over Rs 70,000 crore within 10 days of coming to power.
Banks assess an applicant‘s potential to pay back a loan in terms of various parameters including his credit score, age, source of income.