Credit outstanding to real estate rises 38% to Rs 28 lakh crore in July: RBI | Business News
Bank credit to realty sector, including housing and commercial real estate, witnessed nearly 38 per cent annual growth in July, taking the loan outstanding to the realty sector to a…
RBI releases list of 15 NBFCs in upper layer under scale based regulations
The Reserve Bank of India (RBI) announced on Thursday the names of 15 non-banking financial companies (NBFCs) placed under the upper layer as per scale-based regulation (SBR) for 2023-24.…
Share of housing loans in total advances rises to 14.2 pc in 11 years: RBI report
The share of residential housing loans in total advances has increased over the last eleven years to 14.2 per cent in March 2023 from 8.6 per cent in March 2012,…
RBI imposes Rs 5 lakh penalty on LIC Housing Finance
RBI imposes Rs 5 lakh penalty on LIC Housing Finance The Reserve Bank of India on Monday imposed the penalty IANS, …
RBI hikes repo price by 25 bps: How substantially will your property mortgage EMI raise?
Household bank loan EMIs will go up for each existing and new borrowers with the new hike, given that banking companies, housing finance companies and other lending organisations are now…
Bhubaneswar-based microfinance NBFC Annapurna Finance applies to RBI for universal bank license
Credit and finance for MSMEs: Bhubaneswar-based microfinance non-banking financial company (NBFC) Annapurna Finance has applied for an on-tap license to operate as a universal bank (UB), according to the Reserve…
Rbi news: RBI to adopt four tiered regulatory framework for Urban Co-operative Banks
The Reserve Bank will adopt a four-tiered regulatory framework with differentiated regulatory prescriptions aimed at strengthening the financial soundness of the existing Urban co-operative Banks (UCBs). The banking regulator has…
HDFC Bank gets RBI nod for HDFC merger
The private lender on Monday (4 July 2022) said it has received banking sector regulator Reserve bank of India (RBI)’s approval for the proposed amalgamation of HDFC…
Financial Stability Report: Signs of stress in short-term dollar funding: RBI report
MUMBAI – Signs of dollar shortage are emerging in India and several companies with overseas currency borrowing could face some headwinds, the central bank’s Financial Stability Report (FSR) said. “Signs…
West End Housing applies for small finance bank licence with RBI
The Reserve Bank on Friday said West End Housing Finance Ltd has applied for ‘on tap’ licence for setting up a small finance bank. …