Home Tags Loans
The World Bank has already committed $1 billion and Modi govt is in talks with Asian Infrastructure Investment Bank and ADB for more.
Nandan Nilekani says under the new system, Account Aggregator, owners will be able to use bank statements, tax returns, home loan repayment records to avail of short-term loans.
Loan outreach programmes in rural areas have given the sense that consumption in rural & semi-urban areas is turning more positive, HDFC Bank says.
Spread between RBI’s key policy rate & weighted average lending rate on outstanding loans from banks is highest in data going back to February 2012.
The land, two prime plots in New Delhi, was loaned to Air India by the housing ministry. It is now locked with a consortium of 19 banks led by SBI.
The Pakistan central bank is due to meet Monday to decide on monetary policy, with economists expecting a seventh straight hike in interest rates.
Uncertainty over outcome of elections has cast a shadow on investments & consumer demand has been hit by relatively tight financial conditions.
Loans for projects came to Rs 520 billion in March quarter, the highest since 2011, compared with Rs 144 billion in previous quarter.
Fundamentals of corporate India are improving & projections for next year’s earnings at S&P BSE Sensex Index companies has jumped to a record high.
The govt is hoping that a stronger banking system will help bolster loan growth hovering near a five-year high seen in December.