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India stresses on capital increase, reforms in World Bank

India stresses on capital increase, reforms in World Bank

Last Updated: Tuesday, July 22, 2014, 23:09

India today stressed on capital increase and reforms in the World Bank to reflect the new world order and enhance the capacity of the global institution to fund poverty alleviation programmes.

RBI asks banks not to charge usurious interest rate on loans

Last Updated: Friday, July 18, 2014, 18:35

RBI has advised boards of banks not to levy usurious interest rate including processing and other charges on loans.

Home loan EMI of affordable houses may fall by 8-10%: KPMG

Last Updated: Wednesday, July 16, 2014, 20:54

EMI on home loans is expected to come down by 8-10 percent following the RBI's move to ease norms for banks to raise long term funds for financing affordable housing projects, consultant KPMG said on Wednesday.

NBFCs' bad loans jump to 1.9% in FY14; advances growth down 57%

Last Updated: Wednesday, July 16, 2014, 18:16

Going by the 90-day due rule, which qualifies an asset as bad for commercial banks, delinquencies increased to 4.5 percent as of March 2014 as against 3.6 percent in the year-ago period, it said.

RBI to NBFCs: No pre-payment fine on floating rate term loans

Last Updated: Monday, July 14, 2014, 21:59

The Reserve Bank Monday directed non-banking financial companies (NBFCs) not to levy pre-payment penalties on floating rate term loans, including housing loans.

Worst behind banking industry on NPA front: Kochhar

Last Updated: Sunday, July 13, 2014, 14:50

Reserve Bank Governor Raghuram Rajan had also said last week that the most immediate problem confronting the banking system was that of rising level of stressed assets.

Govt aims for housing for all by 2022, extends additional tax incentive on home loans

Last Updated: Thursday, July 10, 2014, 13:55

Further, a Mission on Low Cost Affordable Housing will be started and the same will be anchored in the National Housing Bank.

Economic Survey 2013-14: Growth of NPAs is a cause for concern

Last Updated: Wednesday, July 09, 2014, 15:46

The four-fold rise in bad loans over the past two years, mainly of public sector banks is a matter of concern and steps are being taken to improve the situation, the Economic Survey said.

Maharashtra tops farmer-suicides list

Last Updated: Friday, July 04, 2014, 21:01

With 3,146 distressed farmers ending their lives last year, Maharashtra has topped the list of farmland suicides in the country, an activist said here Friday.

No magic wand to bring down bad loans: SBI chief

Last Updated: Tuesday, July 01, 2014, 15:41

State Bank of India (SBI) Chairperson Arundhati Bhattacharya Tuesday said she does not have a magic wand to deal with bad loans, which soared to Rs 61,605.35 crore at the end of March.

CREDAI seeks tax sops on affordable homes, lower interest rate

Last Updated: Monday, June 30, 2014, 21:46

Realtors body CREDAI Monday sought tax incentives on development of affordable housing projects and interest rate reduction on home loans to below 7 percent in their budget wish-list to boost growth in the sector.

Eurozone loans to private sector still contracting: ECB

Last Updated: Monday, June 30, 2014, 15:48

The ECB regards M3 money supply as a barometer for future inflation.