The global rating agency Fitch on Wednesday warned that hardening of interest rates could jeopardise the prospects of the real estate sector in the coming months. “Any significant increase in property prices and a tightening monetary policy, could ha…
Rating agency Crisil has revised its outlook on the long-term debt and bank facilities of the country’s largest real estate company, DLF Ltd, to ‘stable’ from ‘negative’ with a rating of ‘A+’. The revision reflects Crisil’s expectation …
Amidst media reports of guidelines for home loans that attempt to clamp down on teaser rates, the Indian Bank Association (IBA) has said that it has received no communication from the Reserve Bank of India (RBI), reports CNBC-TV18’s Gopika Gopakumar….
India’s banking regulator — the Reserve Bank of India (RBI) — has expressed concern on banks offering home loans with teaser rates, or schemes where monthly instalments rise after the initial years. Its worries stem mainly from the fear that borr…
Driven by angry mortgage borrowers, RBI has once again nudged top banks to charge lower home loan rates to old customers instead of just using the lower interest rates to pull new borrowers. But lenders continued to resist the proposal, citing cost mis…
The latest ‘teaser’ from the Reserve Bank of India hasn’t amused Om Prakash Bhatt, chairman of State Bank of India, the bank that pioneered limited-period soft terms for home loans. “I don’t know what the RBI means by teaser loans,” Bhatt r…
The property market crash has foiled the plot for the Mumbai Metropolitan Region Development Authority (MMRDA), which relies on selling the land in its possession at market rates to fund infrastructure projects. Worried that the trend will continue, th…
A MORTGAGE price war is under way after one of the country’s biggest lende…