Hfcs News
Shares of banks, housing finance companies rally on RBI booster shots
The BSE Bankex jumped nearly 1.5% on Friday led majorly by HDFC Bank, ICICI Bank, State Bank of India and Axis Bank
1 min read9 Oct 2020Should you take a home loan from a bank or an NBFC?
A borrower buying a standard property will always benefit by taking a loan from a bank instead of an NBFCSince interest rates by banks are linked to an external benchmark, they are more transparent and have a swifter transmission of policy rate reductions
4 min read15 Jul 2020Stressed NBFCs, HFCs seek about ₹10,000-cr financing support under special liquidity scheme
RBI has provided funds for the scheme by subscribing to government-guaranteed special securities issued by a trust set up by SBI Capital Markets Limited
3 min read12 Jul 2020NBFCs, HFCs may be brought under bankruptcy code
The move will enable rescue of distressed financial institutions under a court-monitored processThe law allows the govt to notify financial service providers after consulting the appropriate regulator
1 min read7 Nov 2019NBFCs may see further stress as repayment deadline of ₹70,000 cr loans nears
Outstanding commercial real estate loans by banks, NBFCs, HFCs stood at ₹6 tn in FY19, of which ₹1 tn was from NBFCs, a report saysClose to 70% of builder loans on the books of NBFCs are under principal moratorium
2 min read10 Sep 2019To boost real estate sector govt likely to announce new measures this week
New steps would include additional funds for housing finance companies and norm relaxation for developers seeking bank loansA corpus to the tune of around ₹8,000 crore is likely to be announced for stalled real estate projects
1 min read3 Sep 2019Will liquidity infusion in HFCs help revive the realty sector?
Industry representatives have been flagging off the alarming issues which have compelled the government machinery to act upon with fiscal corrective measures due for a long timeThe liquidity infusion amount to HFCs has been recently increased to ₹30,000 crore. HFCs can use this facility to create individual housing loan portfolios in the affordable housing segment
3 min read1 Sep 2019Finance ministry moves to boost spending, loosens purse strings
Nirmala Sitharaman said this was only the start and that she would announce more reform measures over the next weekSitharaman said the ban on the purchase of new vehicles by government departments will be lifted
2 min read24 Aug 2019RBI keeping close watch on troubled NBFCs, HFCs
Governor Shaktikanta Das says necessary measures will be taken to maintain financial stabilityRBI said it will set up working group to review the regulatory norms applicable to core investment companies
4 min read6 Jun 2019National Housing Bank’s norms will not address credit risk of HFCs: Moody’s
NHB on March 4 proposed to increase the minimum capital adequacy requirement for HFCs to 15 % in phased mannerMoody’s in a report Monday said the new guidelines would be credit positive because they would limit housing HFCs’ credit growth
1 min read11 Mar 2019Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared