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WATCH: ICICI Bank slashes home loans by 30 basis points for ‘affordable housing’
Mon, May 15, 2017
Key Highlights: -- Bank trims interest rates for home loans up to Rs 30 lakh. -- ICICI offers choice of home loans linked to I-MCLR-6 Months or I-MCLR-1 Year.
Steel sector is likely to remain negative in FY18; demand growth to remain muted at 4-5%: India Ratings
Sun, May 14, 2017
The outlook for steel sector is likely to remain negative in next fiscal due to continued operational and financial challenges and lower demand from the realty sector, says a report.
US job growth rebounds sharply in April, unemployment rate falls to 4.4%
Sat, May 06, 2017
The US job growth has rebounded sharply in April and the unemployment rate dropped to 4.4%, near a 10-year low, pointing to a tightening labour market that likely seals the case for an interest rate increase next month.
60-year low credit growth is a warning bell for banks
Tue, Apr 18, 2017
The outlook on the asset quality of the banking sector seems to be weak even as the fresh non-performing asset (NPA) generation rate continues to show signs of moderation.
No change in interest rates expected in RBI's credit policy
Thu, Apr 06, 2017
No change in interest rates expected in RBI's credit policy. Watch the full segment for more details.
Home loan interest too high for Indian buyers: Survey
Thu, Mar 30, 2017
A latest study has revealed that high housing loan interests and reluctance to borrow are dissuading Indian buyers who have to dig into savings to own a house.
RBI may keep interest rates unchanged on April 6; expects 25 bps cut in August: BofAML
Thu, Mar 30, 2017
Bank of America Merrill Lynch (BofAML) in its recent research note has said that RBI is likely to keep key interest rates unchanged on April 6 with further 25 basis points rate cut expectations in its next monetary policy meet on August 2.
India's GDP growth to slow to 6.7% in fourth quarter of FY17: Nomura
Wed, Mar 22, 2017
Nomura has projected India's gross domestic product (GDP) to slow to 6.7% in the January to March quarter of fiscal year 2016-17 (FY17).
Indian markets well placed to absorb US Fed rate hike, says Economic Affairs Secretary Shaktikanta Das
Thu, Mar 16, 2017
"Indian markets (are) well placed to absorb the US Fed rate hike. Gradual approach in future increases augurs well for emerging markets," Economic Affairs Secretary Shaktikanta Das said on Twitter.
Bank of Japan keeps monetary policy steady as US Fed hikes interest rate in three months
Thu, Mar 16, 2017
Bank of Japan on Thursday kept monetary policy steady in the wake of the US Federal Reserve`s second interest rate hike in three months.
Demonetisation, Budget upshot: Should RBI cut interest rates today?
Wed, Feb 08, 2017
As the Reserve Bank of India (RBI) gears up to declare its sixth bi-monthly policy for the financial year 2016-17, the debate arises as to post demonetisation and the Union Budget FY1,8 what should the RBI do in terms of repo or interest rates.
India Post Payments Bank starts pilot services in Raipur & Ranchi
Mon, Jan 30, 2017
India Post has started operations of its payments bank on Monday on pilot basis in Raipur and Ranchi.
India's GDP likely to be 6.8% in 2016-17, RBI to maintain status quo on Feb 8: Ficci survey
Mon, Jan 30, 2017
Ficci in its latest survey has projected India's economy to grow 6.8% for the year 2016-17.
RBI may go for 25 basis points rate cut on February 8, in April: BofA-ML
Wed, Jan 18, 2017
The Reserve Bank of India (RBI) is expected to go in for a 25 basis points (bps) rate cut at its next monetary policy meet on February 8 -- as also in April -- says a Bank of America Merrill Lynch (BofA-ML) report.
Reserve Bank of India may consider a rate cut in first half of 2017: DBS
Tue, Jan 17, 2017
The Reserve Bank of India (RBI) is expected to go for a rate cut in the first half of this year, largely owing to 'below estimate' inflation, says a DBS report. Rising prices of petrol and diesel fuelled Wholesale Price Index (WPI) inflation to 3.39% in December 2016.
FM Arun Jaitley set to launch Airtel's Payments Bank on January 12
Wed, Jan 11, 2017
Finance Minister Arun Jaitley is scheduled to launch Airtel's Payment Bank on Thursday, which has been running pilot services in four states. Airtel has sent out media invites "for the launch of Airtel Payments Bank India's first payments bank by Arun Jaitley" for January 12.
US job growth slows, but wages rebound strongly
Fri, Jan 06, 2017
US employment increased less than expected in December but a rebound in wages pointed to sustained labour market momentum that sets up the economy for stronger growth and further interest rate increases from the US Federal Reserve this year.
Interest Rate Cut: Real estate companies expect more to boost demand for housing
Thu, Jan 05, 2017
After all leading banks lowered their home loan rates, real estate developers are now expecting further rate cuts in order to boost demand for housing.
5 key highlights of PM Narendra Modi's new schemes, incentives announced on New Year's Eve
Sun, Jan 01, 2017
Prime Minister Narendra Modi after completion of 50-day demonetisation window announced a series of incentives to senior citizens, farmers, women, and small businesses during his New Year's Eve address to the nation on Saturday.
5 key things to look forward in real estate in 2017
Sat, Dec 31, 2016
With sky-rocketing property prices and high home loan interest rates, first time home buyers faced hardships in buying homes in top metros of India in 2016 resulting in slowdown in demand and rise in unsold inventories but the new year is expected to bring some cheer for property buyers, say expe