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 […]
Banking & Industry News Updates
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 […]
Housing Finance Companies now look for mortgage covers to secure themselves
Uncertainty factors over any business could spoil its future prospect. Similarly, housing finance companies in India are undergoing a long phase of uncertainty over its business existence. It has been witnessed in western countries like the United States of America, Canada, and European countries along with Australia have well-developed and flourished mortgage guarantee market. Unlike […]
Reduce Your EMIs, Shift to Repo Linked Home Loan Amidst Coronavirus Crisis
Paying high EMIs (Equated Monthly Installments) amidst coronavirus pandemic times where economic activities are restricted is very difficult to cope with it. To survive COVID-19 induced storm of financial distress without hurting our household budget is the top priority of every person. However, this situation does not seem to be easy to execute, but with […]
Reverse Repo Rates & TLTRO to Boost Liquidity into Real Estate Sector
The recent Reserve Banks of India’s (RBI) measures have brought a much-needed sigh of relief to the realty sector. The central bank has permitted NBFCs (Non-Banking Finance Companies) to extend the time for commencement of commercial operations (DCCO) in regard of loans to commercial projects extends by an extra one year if the projects got […]
