Tag Archives: Axis Bank

RBI sop fails to lift realty

November 17, 2008 – 4:31 am

It seems that the Reserve Bank of India’s move to ease lending to real estate hasn’t augured well with the banking sector. The apex bank effectively reduced the tax on lending to the real estate sector, which means banks can now more freely lend to the realty sector.
Considering the slump in the real estate sector [...]

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Real Estate PE Deals Higher Than Previous Year

July 18, 2008 – 7:50 am

Real estate and infrastructure management sector saw Private Equity (PE) deals worth $2.32 billion in the first half of 2008, nearly 3% higher than the same period of previous year, even as the average deal size fell over 9% reflecting the sluggishness in the market.
According to Grant Thornton, 33 deals were inked in the first [...]

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Cheaper home, consumer durables loans

February 16, 2008 – 5:48 am

MUMBAI: Home loan and consumer durables loan borrowers could look forward to softer interest rates. Following the reduction in the cost of funds, banks are reviewing the interest rate structure, according to the Indian Banks’ Association (IBA).
Speaking to the media after the managing committee meeting on Friday, IBA CEO H N Sinor said, “Banks are [...]

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