The government has approved a special liquidity scheme under which all the eligible non-bank lenders will be provided short term liquidity. The short term liquidity scheme will be given funds under a special purpose vehicle (SPV) set up by SBI Capital Securities. The Reserve Bank of India (RBI) stated in its guidelines that under special […]
Financial Planning & Advisory
Amidst volatility, is floating rate home loan better or fixed rate home loan?
Volatility in the broader market always brings an opportunity and fear among people who took a conventional approach towards their finances. Firstly, understand all the relevant quintessence of home loan interest rate types available in the market then only able to make a sound decision. Based on various financial parameters floating rate home loans are […]
RBI proposes changes in HFCs to make the stronger regulatory framework
The Reserve Bank of India (RBI) has proposed several changes in the regulatory framework for housing finance companies aimed at strengthening the capital base. Housing finance companies lately undergoing lots of challenges due to economic slowdown, lockdown, and liquidity crisis. To counter all these challenges the central bank took regulatory control of housing finance companies […]
Government’s last-mile fund for stalled projects finds many takers
A few months back the government of India has announced last-mile fund for stalled real estate projects in the tune of INR 25,000 crore to bring back lost confidence in the sector and troubled homebuyers to get their housing units. Following the creation of stress fund for stalled projects, realty developers do not show much […]
Housing finance companies have sufficient liquidity to repay their debts
Several extremely positive steps have been taken amidst lockdown by the central bank to boost liquidity, and to help revive demand and assist in recovering the weakened economy. Indian housing finance companies (HFCs) have raised about INR 34,000 crore of funds through the debt market route from National Housing Bank (NHB) during April – May […]
