From April 1, DHFL Vysya Housing Finance decided to reduce interest rate on advances across the spectrum for new as well as existing borrowers by 20 basis points. The company is an associate of Dewan Housing Finance and operates in south India. The Bangalore-based lender is the first housing finance company to announce lending rate cut this year, Managing director R Nambirajan said. At present, the company's lowe
Tag: funding
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Study suggests govt to encourage new funding sources
According to an industry study, there is an need to
encourage funding sources other than bank credit (like insurance) and introduction of new instruments to accelerate flow of funding to infrastructure sector. The study, conducted jointly by industry body ASSOCHAM and and consulting firm Deloitte points out that the change in BASEL III requirements and too much conc
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World Bank agrees to lend Rs 11.6 bn for transport project
The Rs 2,403 crore second phase of the Kerala State Transport Project (KSTP) received partial funding from the World Bank. The multilateral lending agency signed a loan agreement with the Department of Economic Affairs to make available Rs 1,166 crore for the project. Under the second phase, the Kerala government would develop 367 km of state highways spread over eight
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Domestic firms raise funds via overseas bonds
So far in 2013, Indian companies raised $4 billion by issuing bonds in the international market in order to take advantage of lower interest rate compared with the domestic bond market. According analysts, India Inc may continue to tap the overseas bond market in order to meet their funding requ
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IIFC calls for popularising tax-free bonds
Harsh Kumar Bhanwala, Executive Director, India Infrastructure Finance Corporation (IIFC) stressed on the need to create awareness on tax-free bonds to facilitate growth in the infrastructure sector. He also said that IIFC, which has an outstanding credit of Rs 25,000 crore, plans to go for second round of fund raising in March
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IIFC calls for popularising tax-free bonds
Harsh Kumar Bhanwala, Executive Director, India Infrastructure Finance Corporation (IIFC) stressed on the need to create awareness on tax-free bonds to facilitate growth in the infrastructure sector. He also said that IIFC, which has an outstanding credit of Rs 25,000 crore, plans to go for second round of fund raising in March
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Delhi CM seeks cabinet proposal for funding mono rail project
Delhi Chief Minister Sheila Dikshit directed transport department to bring a cabinet proposal to fund the proposed Rs 2,235 crore monorail project on the lines of the Delhi Metro Rail project. The move by the minister follows the detailed presentation given by Mangu Singh, Chief of DMRC on the fi
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Indian Railways cut Rs 47 bn metro transport funding
Indian Railways cancelled the Rs 4,733 crore fund allocated under the metropolitan transport project (MTP) during the Railway Budget 2012-13. The railways cancelled the allocation primarily because allocation exceeded the absorption capacity of metropolitan transport projects located in Hyderabad, Che
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Indian Railways cut Rs 47 bn metro transport funding
Indian Railways cancelled the Rs 4,733 crore fund allocated under the metropolitan transport project (MTP) during the Railway Budget 2012-13. The railways cancelled the allocation primarily because allocation exceeded the absorption capacity of metropolitan transport projects located in Hyderabad, Che
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PE association expects muted growth in 2013
Agency reports shows that Indian Private Equity & Venture Capital Association expects growth in the private equity (PE) and venture capital (VC) sectors to be subdued in 2013 owing to the slowing of the domestic economy. The association expects exits by PE funds during the year if the stock market does well this year as predicted. There are many funds which have invested durin