Purposeful action to mitigate the adverse macroeconomic impact of the pandemic : Ramesh Nair, JLL India

Purposeful action to mitigate the adverse macroeconomic impact of the pandemic : Ramesh Nair, JLL India Appended below JLL India Cmmentary on RBI Rapo Rate attributed to Mr. Ramesh Nair is the CEO & Country Head of JLL India for your perusal. Purposeful action to mitigate…

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Rate Cut: BOLD WELCOME STEPS BY RBI

Rate Cut: BOLD WELCOME STEPS BY RBI Perspective on the A nnouncement made by the RBI on the rate cut   by Mr. Shishir Baijal, Chairman & Managing Director, Knight Frank India “BOLD WELCOME STEPS BY RBI” “We are delighted with the Reverse Bank’s announcements which has far ex…

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Reserve Bank of India Survey : 67% Urban Households Say Property Prices Will Go Up..!

Reserve Bank of India Survey : 67% Urban Households Say Property Prices Will Go Up..! As against 68.9 %  of participants, who said they expected housing prices to increase in September last year (2018), about 67.1 % expected prices to move up this (2019) year, shows a survey by …

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RBI Key rate cuts to support fiscal stimulus, encourage investment, boost consumer sentiments and demand: Mr. Sharad Kumar Saraf, President, FIEO

RBI Key rate cuts to support fiscal stimulus, encourage investment, boost consumer sentiments and demand: Mr. Sharad Kumar Saraf, President, FIEO The Reserve Bank of India cuts benchmark interest rates for the fifth time to support other fiscal measures announced by the…

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The demand for residential in the real estate space has been poor by Sanjay Dutt, MD & CEO, Tata Realty & Infrastructure Limited

The quote of Tata Realty & Infrastructure Limited: “It’s not about repo rate cut but the transmission and high spread lenders are still charging with the exception of few. The RBI’s decision to cut repo rate by 25 basis points to 5.15% is the 5th consecutive rate cut th…

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RBI’s decision to increase the household income and the lending limit for microfinance borrowers

The quote from Mr. Manoj Nambiar, Chairperson, MFIN on the RBI Policy. “MFIN welcomes RBI’s decision to increase the household income and the lending limit for microfinance borrowers.   This is a good move reflecting the change in household income since 2015 and allows clien…

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Indian Rupee: No rise, only fall. Is the Central Government doing enough?

Indian Rupee: No rise, only fall. Is the government doing enough? Fall from Grace In case no one noticed, Stock markets in India have been painted red with the incessant bleeding of the Indian Rupee. Latest figures show the Rupee plummeting to new lows every hour with the lat…

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It had to happen! - on RBI Policy by Mahindra Group CFO Mr. V S Parthasarathy

on RBI Policy by Mahindra Group CFO Mr. V S Parthasarathy- It had to happen! As they say “It is either Day One or One Day – the choice is yours”!  The RBI was in a Catch-22 situation  in terms of managing a fine balance between emerging inflationary pressures and a nascent eco…

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RBI’s Decision To Hike Rates May Not Have Significant On Ground Impact On Home Sales..!

RBI’s Decision To Hike Rates May Not Have Significant On Ground Impact On Housing Sales by Mr. Ramesh Nair, CEO & Country Head, JLL India The RBI’s decision to increase repo rates by 25 bps to 6.25% after 4 years of keeping them stable speaks of a carefully deliberated de…

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Reserve Bank of India Imposes Rs. 58.90 Crore Penalty On ICICI Bank

Reserve Bank of India Imposes Rs. 58.90 Crore Penalty On ICICI Bank Banks need to disclose the amount of securities they keep under the HTM segment under which the papers are held until maturity and cannot be used for intraday trading The Reserve Bank of India (RBI), in a rar…

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The realty sector was expecting a cut especially when the festive season has begun, But..!

The realty sector was expecting a cut especially when the festive season has begun. But... Quote by PropEquity on RBI status quo. The realty sector was expecting a cut especially when the festive season has begun. Observing a constant decline in housing demand now there is a …

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RBI releases Handbook of Statistics on Indian States 2016-17

RBI releases  Handbook of Statistics  on Indian States 2016-17 The Reserve Bank of India released the second edition of its statistical publication titled “Handbook of Statistics on Indian States 2016-17”. Through this publication, the Reserve Bank has been disseminating wide-…

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India’s Top 10 Banks' Contribution to Total Credit 60%

India’s Top 10 Banks' Contribution to Total Credit Cabinet approval for the merger of State Bank of India  (SBI) with its 5 associates. The potential merger of Kotak Mahindra Bank & Axis Bank . These are the first tangible signs of India's banking sector moving towards c…

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HDFC Bank : Slashes Rates on Bulk Deposit over Rs. 5 crore by 1.25% to 5%

HDFC Bank : Slashes Rates on Bulk Deposit over Rs. 5 crore by 1.25% to 5% HDFC Bank slashed interest rates on deposits of over Rs. 5 crore with maturities of one year and more by 125 basis points (bps) to 5%, effective from Jan. 7, 2017 (Friday.) With the latest cut, the diff…

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For Rs. 500 note, RBI pays Rs. 3.09; Rs. 3.54 for Rs. 2,000 note

For  Rs. 500 note, RBI pays Rs. 3.09; Rs. 3.54 for Rs. 2,000 note Bhartiya Reserve Bank Note Mudran Private Limited (BRBNMPL) is printing each new Rs. 500 note at the old cost of Rs. 3.09, while the cost of Rs. 2,000 currency note is. Rs 3.54. BRBNMPL is a subsidiary of Rese…

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Reserve Bank Monetary Policy – Continued Cautiousness..!

RBI Monetary Policy – Continued Cautiousness by Mr.  Anuj Puri , Chairman & Country Head, JLL India Contrary to a wider perception that the policy rate will be cut by at least 25 basis points in the latest monetary policy, India’s Reserve Bank of India (RBI) kept the repo ra…

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From January 1, 2107 Free Annual Credit Report to Individuals – RBI

From January 1, 2107 Free Annual Credit Report to Individuals – RBI RBI Notice RBI/2016-17/58  DBR.CID.BC.No.11/20.16.042/2016-17  September 1, 2016 DBR.CID.BC.No.10/20.16.042/2016-17 September 1, 2016 Free Annual Credit Report to Individuals In exercise of the powers conferred by …

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Know Your Customer Guidelines FAQs- FREQUENTLY ASKED QUESTIONS

Know Your Customer Guidelines  FAQs-   FREQUENTLY ASKED QUESTIONS Updated up to September 02, 2016) QUESTION 1. What is KYC? Why is it required? Response:  KYC means “Know Your Customer”. It is a process by   which banks obtain information about the identity and address of the cust…

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