Private Equity and venture capital funds invested $7.6 billion across 415 deals in 2012, which is a fall of 21 percent from the year-ago period of $9.6 billion, global consultancy firm Ernst & Young said. The decline in the investment is mainly because of a significant fall in infrastructure sector investments $2.3 billion invested in 2011, compared with $774 million in 2012
Category: Infrastructure Finance
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RBI cuts repo rate to support economic growth
Reserve Bank of India (RBI) reduced the policy repo rate by 25 basis points from 8.0 per cent to 7.75 per cent with immediate effect in its third quarter review of monetary policy 2012-13. In order to infuse liquidity into the banking system, the central bank also reduced the cash reserve ratio (CRR) of scheduled banks by 25 basis points from 4.25 per
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RBI cuts repo rate to support economic growth
Reserve Bank of India (RBI) reduced the policy repo rate by 25 basis points from 8.0 per cent to 7.75 per cent with immediate effect in its third quarter review of monetary policy 2012-13. In order to infuse liquidity into the banking system, the central bank also reduced the cash reserve ratio (CRR) of scheduled banks by 25 basis points from 4.25 per
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Quote on RBI’s Credit Policy: CRR and repo rates slashed by 0.25%
Finally, we have the rate cut (start of the series of cuts that hopefully will follow over several quarters, influenced by the overall inflation situation and the economy's need to perk up growth rates) which coupled with the lower CRR should provide great relief to Real Estate industry reeling for quite some time now under the burden of huge debts on one side and poor cash flows caused by slowdown in sales.
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Perspective on the Credit Policy
In my opinion, RBI delivered a very balanced policy. As expected, they chose the calibrated path of a 25 bps cut in the Repo and the Reverse Repo rates as they wanted to avoid a repeat of April 2012 when the RBI had cut the Repo rate by 50 bps and then had to pause with surprises creeping in from the inflation side. On the other side, there is a clear acknowledgement from the RBI that demand side activity has remained low, growth has slowed below trend, probably needing the RBI to complement the
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MP’s plea to PM to refund Rs 200 cr spent on national highways
The Prime Minister Manmohan Singh has been urged by the Madhya Pradesh government to resolve issues related to national highways, pending for a long time. Madhya Pradesh Chief minister Shivraj Singh Chouhan on January 28 appealed to the Prime Minister refund Rs 200 crore to the state spent by it on repairing and maintenance of national highways.
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Banker stresses on timely nod for projects
Chanda Kochhar, MD and CEO of ICICI Bank stressed on the need to ensure that the projects under implementation get the necessary last mile clearances and linkages so that the assets become productive on schedule. She said this to a leading news agency when asked about banks' exposure to large infrastructure and indus
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RBI expected to reduce policy rate
Majority of economists and financial market observers expect Reserve Bank of India (RBI) to cut policy repo rate by 25 basis points on January 29 to 7.75 percent. The decline in inflation gauge based on wholesale price index (WPI) and the government's resolve to reduce fiscal deficit increased expectation that the central bank would redu
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Adani Ports and SEZ Ltd: Q3 Financial Results
Adani Ports & SEZ Ltd, India's largest private port developer and part of Adani Group, today said its total income rose 35% to Rs.2,533 crore for the nine months ended December 31, 2012 compared to Rs.1,870 crore in the corresponding nine months of previous year.
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SKS completes Rs 411 cr worth securitisation deal
So far in 2012-13, SKS Microfinance clinched five securitisation deals aggregating to Rs 411 crore with banks. The fifth one was a Rs 52.62 crore securitization deal that the bank entered into recently with a private sector bank and which is rated A1 {SO). Meanwhile, it may be noted that the company announced a net profit of Rs 1.2 crore during October-December 2012, after suffering losses in seven consecutive qua