The Reserve Bank of India (RBI) on May 30 has announced its final guidelines provisioning norms for restructured accounts and asset classification.
Category: Infrastructure Finance
Post
Post
Cabinet nod for telecom towers at naxal-affected states
The Cabinet cleared setting up mobile towers at cost of around Rs 3,046 crore in nine states affected by naxal violence to improve communication. State-owned BSNL will set up towers at 2,199 locations in the nine states in next 12 months, Finance Minister P Chidambaram said after a Cabinet meeting.
Post
Instrumental in growth
Yogesh Dhingra is Chief Operating Officer and Finance Director (COO & FD) of Blue Dart Express. He has been with Blue Dart for over 20 years with an overall experience of 28 years across diverse industries.
Post
Microfinance institutions’ loan portfolio rises 23%
As per a report by the Microfinance Institutions Network (MFIN) the gross loan portfolio (GLP) of microfinance institutions (MFIs) rose to 23 per cent across the country in 2012-13 with AP MFIs growing 7 per cent and non-AP MFIs witnessing a growth of 39 per cent.
Post
RBI mulls open market operations
Reserve Bank of India Deputy Governor HR Khan has said that the RBI is looking at conducting open market operations (OMO) after assessing the government's cash balance, RBI will assess the liquidity situation and then see what the government balance is, whether it is short term or long term. The government balance is quite substantial, he added.
Post
HUDCO to give loan for SDA’s projects
At a high level meeting between the officials of Srinagar Development Authority (SDA) and Housing and Urban Development Corporation (HUDCO), it was decided that the former would seek loan from the latter for construction of houses and other projects. The SDA decided to seek financial assistance from HUDCO given the mounting demand for apartment-type housing and in view of the escalating land costs in Srin
Post
Tripura CM discusses need to expedite infra projects
During a meeting with Planning Commission Deputy Chairman Montek Singh Ahluwalia, Tripura Chief Minister Manik Sarkar discussed the need to expedite critical infrastructure projects in the state. Sarkar informed Singh that some of the critical infrastructure projects likely to be implemented by the central government in the state are behind schedule. The chief minister met the Planning Commission chief to decide the annual plan outlay for state, which was
Post
AP govt to ask centre to allot Rs 220 bn for JNNURM-2
Andhra Pradesh Chief Minister N Kiran Kumar Reddy said he would ask the central government to allot Rs 20,000 crore under Jawaharlal Nehru National Urban Renewal Mission-2 (JNNURM-2). Reddy is learnt to have discussed this at a meeting of the state-level steering committee (SLSC). The centre may launch the
Post
Future plans to repay Rs 1.1 bn loan
G Dasaratha Reddy, Managing Director of Future Financial Services informed that the microfinance institution (MFI) plans to repay Rs 110 crore of loans restructured in 2011 and it is discussing the same with banks. If the plan materialises, this would be the first MFI in the country to opt out of corporate debt restructuring (CDR), nearly two years after it agreed to the exercise
Post
ECB facility may promote affordable housing projects
Industry players expect the Reserve Bank of India's (RBI) move to allow real estate developers raise funds from External Commercial Borrowings (ECB) would increase the supply of low-cost houses. It may be recalled that the central bank allowed developers and housing finance companies to raise a maximum of $1 billion for affordable housing