If indeed the issues involved between the government and RBI are of immense public interest, why not make public the arguments of both the government and the RBI, irrespective of the outcome of the process, says Tamal Bandyopadhyay.However, the Act is silent on what happens if the governor's views differ from that of the government. If Patel does not want to budge from his stance the government can either see merit in the Governor's arguments and decide against going ahead with its plan or overrule him. My guess is that the issues raised by the government need to be sorted out not at the November 19 board meeting but between the Governor and the government, says Tamal Bandyopadhyay.
SREI Infrastructure Finance Limited, one of the leading infrastructure project finance and infrastructure equipment finance company in India, got listed in the LSE on Thursday.
'The RBI is something like a seat belt. As a driver, the driver being the government, it has the possibility of not putting on a seat belt but of course if you do not put on your seat belt you get into an accident and the accident can be quite severe,' Raghuram Rajan told CNBC TV18. 'The aim of the board is to be Rahul Dravid -- sensible, thoughtful and not, with due respect, Navjot Sidhu,' he added.
The Securities and Exchange Board of India on Thursday said it has unearthed yet another IPO scam in the public issue of shares of Infrastructure Development Finance Company Ltd.
While the total disbursement of housing loans by PSBs as well as HFCs witnessed a deceleration in 2016-17, there was significant growth for the lower slabs
The choice clearly is between prompt corrective action and slow but sure destruction, says Tamal Bandyopadhyay.
The government has dispensed with the condition of obtaining Foreign Invesment Promotion Board's approval for non-residents to transfer shares and convertible debentures of Indian companies from Indian residents, subject to sectoral caps.
How housing finance companies evaluate individuals who are employed 'on contract basis' and the rationale behind it.
Last August, RBI gave in-principle approval to 11 applicants.
Infrastructure Development Finance Company is planning to hit the capital markets by June end to fund its capital requirements.
For the renovation loan to be sanctioned, a quotation must first be obtained from a qualified civil contractor/engineer/architect
The Asian Development Bank (ADB) has approved $700 million in loans to support the Indian government's efforts to accelerate investment in infrastructure which the country requires to ensure strong economic growth.
The government on Tuesday gave greater autonomy to state-run banks, allowing them make domestic and overseas acquisitions without its approval.
After investing $150 million this year, HSBC is willing to step up investments in India as it expects the economy to sustain over 7 per cent growth in the coming years.
Public sector companies and some government departments have come in for severe criticism in the India Infrastructure Report 2003. The report says the inefficiencies of PSUs have provided private firms with a huge pricing advantage.
Becoming a guarantor also affects an individual's 'capacity to borrow' adversely
Bargaining for a lower processing fee is also possible if the borrower has already got his loan approved from one HFC but decides to shift to another HFC for actual disbursal.
Here, we present a case in favour of individuals insuring themselves so as to ensure that home loan.
Housing Development Finance Corporation said on Wednesday the interest rates on home loans will not go up till March 2005, subject to developments in the financial markets.
Strong MF investments, stemming of FII outflows and positive earnings in Q3 have helped market, say analysts.
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