Mumbai: Moody’s Investors Service on Monday said the 9 September recommendations of the Reserve Bank of India’s (RBI) Housing Finance Committee, if implemented, will be credit positive for Indian residential mortgage-backed securities (RMBS).
The Reserve Bank of India (RBI) has expressed disagreement over the Securities and Exchange Board of India’s (Sebi) proposed framework enabling credit rating agencies (CRAs) to legally access borrower database, helping them in timely recognition of default.
The Reserve Bank has written to the Association of NBFC Peer-to-Peer Lending Platforms seeking details of instances where potential customers have been denied loan because of regulatory restrictions.
TIRUPUR, India — When Alan Greenspan ran a consulting firm and wanted to know where the economy was headed, he would often look at sales of men’s underwear as a guide.
Friday proved to be a big day for India Inc. after a slew of tax concessions including reduction in corporate tax from 30 per cent to 22 per cent, the GST Council has lowered tax on a number of goods and services to spur demand.
Hyderabad: The State government’s efforts to promote textile and handloom industries in Telangana have begun yielding results with investments being made in the sector by private industrial groups, IT and Industries Minister K T Rama Rao informed the Assembly on Friday.