With infrastructure, we expect the affordable housing segment to develop a new degree of velocity because the cost of capital is going to reduce and lenders are going to be motivated to invest money in this sector. Likewise, the tax status for development is beneficial with the infrastructure status.
Tag: SBI
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Afordable housing has big-ticket opportunities
Low-cost housing is a volume business. Private companies would be interested in this business only when there is scale. The intention of the government to give this sector infra status is to offer access to low-cost funding for the sector.
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SBI to raise Rs.5,000 cr in FY17 for infra, affordable housing
The countryĆĀ“s largest lender SBI will raise Rs.5,000 crore to fund infrastructure and affordable housing during the fiscal by issuing long-term infra bonds. The bank has been accorded approval from the Executive Committee of its Central Board. ĆĀ“
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SBI to raise Rs 5,000 cr in FY17 for infra, affordable housing
The country's largest lender SBI will raise Rs 5,000 crore to fund infrastructure and affordable housing during the fiscal by issuing long-term infra bonds.
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If you look at IT companies, the first thing they ask in the RFP is for certified project managers
Planning is key and one of the main pillars of project management. The other way to define project management is basically, plan the work and work the plan.
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RBI approval to set up a subsidiary for real estate of SBI
State Bank of India (SBI) has received in principle approval from RBI to set up a subsidiary that will manage the real estate of the government owned bank.
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Hitting the road
Investing in an infrastructure project isnĆĀ“t really glamorous, more so if it happens to be a still developing economy like India that needs to first create some basic infrastructure. A new road project or a thermal power plant many not excite as much as investing in a cutting-edge technology start-up in IndiaĆĀ“s own Silicon Valley, Bengaluru
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Injecting Hope
A slew of measures to infuse the much-needed cash-flow into the infrastructure sector have been introduced to push growth. And Rs 8 lakh crore of equity is likely to find its way soon in the sector enriching the fund pool. However, missing links like deepening the bond market in the country
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OIJIF to raise $350 million
The Oman India Joint Investment Fund (OIJIF) will be raising about $350 million for a new fund, according to a source. An equal joint venture between State Bank of India (SBI) and State General Reserve Fund (SGRF), OIJIF will start raising money from December. SGRF is OmanĆĀ“s sovereign wealth fund.
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State Bank of Mysore to open 101 branches
Subsidiary of State-owned SBI, State Bank of Mysore (SBM) will open 101 branches in the country on October 5 to commemorate its centenary celebrations this year. It will open seven new branches in Dakshina Kannada and Udupi districts of Karnataka on October 5.