NaBFID has sought a relaxation in capital requirement norms from the Reserve Bank of India (RBI) to enable an efficient rollout of the PCE facility.
An infrastructure-driven GDP growth needs the much needed fuel of credit.
Stifling credit growth in the name of risk management is akin to throwing the baby with the bathwater. Government has sent the right message.
The RBI's proposals may lead to some rationing of resources but in the medium to long term he expects the proposal to support good projects
There is no need to sell MNC consumer companies such as HUL, or some of the themes which are emerging in the market, such as liquor companies. But if an investor has a leveraged block, or PSU block, there will be trouble if they hold on to it, because even if there is a pullback rally, the chances of these stocks being a part of it are less.
The FM today cut the withholding tax from 20% to 5%. Hitherto this lower rate was only for infrastructure loans. This innocuous looking amendment may change the way Indian corporate borrow, reports CNBC-TV18‘s Latha Venkatesh.
Sanjiv Bajaj, managing director of Bajaj FinServ & Investments tells CNBC-TV18 that his company is slowly starting to see the effect of slowing growth indicators across the verticals. "But opportunities for growth do exist," he says.
The benchmark banking index, Bankex, has been brought down 7.5% this week on fears that the infrastructure loans given out by banks may go bad. But veteran bankers say, the bigger time bomb for the lenders may be teaser home loans, CNBC-TV18's Gopika Gopakumar and Latha Venkatesh report.
India’s top bankers, S Sridharan MD of SBI and Shikha Sharma MD, CEO of Axis Bank, in an exclusive interview on CNBC-TV18, detail if infrastructure loans given by banks could lead to asset liability mismatches, a greater chance of bad loans or if it is too early to worry.