The KV Kamath committee prepared a resolution framework for sectors hit by coronavirus pandemic. The Reserve Bank of India accepted the committee’s resolution frameworks recommendations that are expected to provide relief to stressed real estate developers and individual home loan borrowers. The real estate sector already reeling under the pressure of subduing demand, severe liquidity […]
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What India’s public sector banks got in the Union Budget 2019?
Public sector banks in India received a much-needed boost after the Union Budget 2019 was announced. The Finance Minister Nirmala Sitharaman announced a capital infusion of Rs 70,000 crore is an effort to boost credit and the banks are hopeful they will be able to put the funds to some good use and liven up […]
Loans below Rs. 25 lakh accounted for a majority of new loan accounts for FY2017-18
The Central Government offers an interest subsidy on home loans for the MIG and LIG categories along with the Economically Weaker Sections under the Pradhan Mantri Awas Yojana (PMAY). This has clearly impacted the market for affordable home loans positively as per reports. The latest NHB (National Housing Bank) reports indicate that the housing market […]
Public sector banks will now emphasize on credit requirements of good borrowers
Union Finance Minister Piyush Goyal has officially stated current consortium based lending systems will be tweaked for the removal of operational restrictions for flow of credit into major economic sectors. He added that public sector banks will now concentrate on the needs for credit amongst good borrowers. Public banks will look to meet the credit […]
Growth witnessed in home loan segment
The effect of the Government’s push for affordable housing and the Pradhan Mantri Awas Yojana (PMAY) interest subsidies can be felt with growth observed in home loans for the current fiscal year. Experts opine that this could be as much as 17-19% in the home loan category for FY2018-19. There is strong demand for home […]
