Big terrible loan monster is eating away India’s economic growth: IMF

India horrific loans presently have soared to whopping Rs 9.5 lakh crore. It’s not only a huge quantity, it’s a large monster that is eating away India’s financial increase. IMF in a document said India’s key banks seem resilient, however the device is situation to huge vulnerabilities. “The economic sector is going through great demanding … Continue reading “Big terrible loan monster is eating away India’s economic growth: IMF”

Conciliation pick for home buyers from Jan before RERA plaints

PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) will, from January 2018, provide consumers with the conciliation option on its website before they register complaints against developers. For the consumers going for the new option, MahaRERA is planning to set up 15 conciliation benches – 10 in Mumbai and 5 in Pune. The benches will try to … Continue reading “Conciliation pick for home buyers from Jan before RERA plaints”

RBI’s new order on Provisioning will take 50,000 crore Shock

The Reserve Bank of India surprised the banks on Friday night. For the cases being taken to the banker’s court, the RBI has made huge increase in provisioning. This may result in a jerk of Rs 50,000 crore in the financial year 2018. Two bankers aware of the RBI order have said this.