Housing Finance Companies

Daily Bulletin: Postpaid mobile services in J&K to resume from 12 pm today; Nirmala Sitharaman to meet CEOs of public sector banks today; day's top stories

Here are today's top stories: Postpaid mobile services in Jammu and Kashmir to resume from today, internet only at tourist spots; Haryana Assembly elections 2019: Narendra Modi, Rahul Gandhi to campaign for upcoming polls; and more

Finance minister Nirmala Sitharaman to meet CEOs of public sector banks on 14 October

The meeting is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors, sources said

Govt gets windfall gain of Rs 1.76 lakh cr from Reserve Bank of India; raises expectation of fiscal stimulus

A source familiar with discussions said the government will use the funds to stimulate the economy by cutting taxes

Developers may face liquidity crisis as NBFC, housing finance cos become risk averse towards lending to real-estate: Fitch

With non-bank financial companies (NBFCs) and housing finance companies becoming risk-averse towards lending to real-estate sector, developers are likely to face a liquidity crisis, says a report

NHB's move to ban subvention scheme 'impulsive', must be withdrawn: Realtors' body CREDAI

The National Housing Bank's (NHB) decision to ban lending by housing finance companies under subvention scheme was "impulsive" and should be rolled back to boost sales, realtors' body CREDAI Chairman Jaxay Shah said here on Wednesday

Crisil cuts India's GDP growth by 20 basis points to 6.9% from 7.1% for FY20 on weak monsoon, slowing global growth

India’s GDP had grown at an impressive 8.2 percent in fiscal 2017, the fastest in a decade.

Investment flow into real estate drops 31% to $2.2 bn during January-June driven by liquidity crisis in NBFCs: Anarock

Out of the total $2.2 billion of inflows, commercial real estate attracted the lion's share at 64 percent amounting to over $1.4 billion.

Housing affordability worsened over past 4 years, Mumbai remains least affordable city: RBI survey

The RBI has been conducting a quarterly Residential Asset Price Monitoring Survey (RAPMS) since July 2010 on housing loans disbursed by select banks and housing finance companies (HFCs) across 13 cities.

Union Budget 2019: It’s time to move towards parity between banks and NBFCs; gold loan should be given priority sector status

By keeping the NBFCs out of the purview of Section 43D, our tax laws are subjecting the NBFCs to discriminatory treatment as compared to other financial institutions.

DHFL default: RBI closely monitoring NBFC sector, housing finance companies; to ensure financial stability

After DHFL's bond repayment default, rating agencies CRISIL and ICRA had on Wednesday downgraded rating on its Rs 850-crore commercial paper to 'default' from 'A4'.