House prices rose at a blistering pace across the developed world during the COVID pandemic - in some cases by more than 50% - but have fallen over the past year by modest amounts as central banks jacked up interest rates.
We have done with our growth and asset quality. There is no worry on that front for three, four years, and completely from the current year, the focus will be on profitability. And you can see in the last two quarters there is a reduction in the operational expenditure, says Bhutada.
The cost of borrowings for the states has been ruling over 6.9 per cent since the third week of June. It has since risen by 24 bps since mid-June, and by 43 bps since the first auction of state government bonds on April 8.
How far the US central bank would go because of the sharp rise in borrowing costs? The guessing game is on
The 10-year bond yield touched a fresh 7-year low of 6.3 percent today taking the cost of money for the government down by over one percent since April 1. Latha Venkatesh of CNBC-TV18 decodes the impact on the economy.
Ujjivan Financial Services Limited the micro finance lender announced interest cut Thursday to the tune of 75 basis points with effect for October 1, 2016.
N Sivaraman, president & whole-time director, L&T Finance Holding said the company has brought down the proportion of bank borrowings close to around 40 percent at the overall level.
The central bank said the move would support the healthy development of the economy.
The official Purchasing Managers' Index (PMI) eased to 50.8 in October from September's 51.1, but above the 50-point level that separates growth from contraction on a monthly basis.
The day before, Obama signed a compromise deal passed by the House and Senate after weeks of bickering. It extended the debt ceiling until until Feb. 7 and reopened the government by approving funding only until Jan. 15, lifting what he described as the "twin threats to our economy" for now.
Singapore's efforts to contain a rapid increase in its household debt by tightening rules for unsecured credit late on Wednesday raised concerns of a rise in borrowing costs in the country.
Property prices keep increasing on the back of hike in input costs, but that does not affect sales, says Pradeep Jain, Chairman, Parsvnath Developers.
Draghi said the bank's independence was not compromised because it did not automatically have to start bond purchases just because a government had applied for a bailout. The ECB "retains its full discretion," he said.
The European Central Bank held its main interest rate at 0.75 percent on Thursday, deferring any cut in borrowing costs while it assesses the extent of the euro zone's economic downturn and waits for a cue to use its new bond-purchase programme.
Gold prices fell more than 1% on Monday as concerns over Spain's financial health pushed the euro to two-year lows against the dollar, pressured stock markets and drove Spanish borrowing costs to euro-era highs.
A sharp rise in Spain's borrowing costs on Thursday sent the single currency lower as fears rose that a full sovereign bailout was inevitable, but European shares hit 11-weeks highs as second-quarter company results lifted sentiment.
The US Federal Reserve on Wednesday repeated its promise to leave interest rates on hold until at least late 2014 but offered few clues into whether it might offer additional stimulus later this year.
Italy's borrowing costs soared to their highest levels since Rome joined the euro on Friday, piling pressure on the newly installed government of Mario Monti at the end of a week in which the euro zone crisis tainted even safe haven Germany.
The Federal Reserve on Wednesday looks set to launch a fresh effort to invigorate the faltering economic recovery, embarking on what could be the first in a series of incremental steps to foster stronger growth.
The high-level coordination committee (HLC) on commercial borrowings is likely to raise the overall limit of External Commercial Borrowings (ECBs) from USD 30 billion currently at its meeting on September 15.
Private equity investment in India is accelerating, as rising borrowing costs and dormant public markets in Asia's third-largest economy push companies to cut deals with buyout firms in return for much-needed cash injections.
Euro zone finance ministers are likely to back a bailout for Portugal on Monday and tell Greece it must deliver on agreed fiscal and privatisation targets if it wants new emergency financing next year.