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Distressed realty fund approves completion of 100,000 houses

Mumbai, March 4 -- The government's first-ever distressed real estate fund has approved around 165 projects for completing 100,000 homes over the next few years, its investment officer Irfan Kazi said... Read More


Razorpay announces ESOP buyback worth $10 million

Mumbai, March 4 -- Payment solutions startup Razorpay on Thursday announced the third employee stock ownership plan (ESOP) buyback worth $10 million or Rs.73 crore for 750 existing and former employee... Read More


Real estate fund SWAMIH to deliver 6,000 units by FY22

MUMBAI, March 3 -- A distressed real estate fund, set up by the Centre under the Special Window for Affordable and Mid Income Housing (SWAMIH) scheme to complete stalled projects, is gearing up to del... Read More


PSBs eye Rs 70,000 cr corpus for farm fund

New Delhi, March 1 -- A clutch of state-run banks with significant exposure to the farm sector has initiated discussions with the government to set up a credit guarantee fund to cover defaults by farm... Read More


RBI wary of contraction in credit to firms

Mumbai, March 1 -- Contraction of credit to large industries and infrastructure remains a cause of concern, the Reserve Bank of India (RBI) said. However, credit growth to medium industries has accele... Read More


Sharp spike in loans to NBFCs, renewable energy, aviation cos in January

Mumbai, March 1 -- Non-food credit growth of banks slowed to 5.7% in January led by a decline in industrial and personal loans. Credit growth in this category was 8.5% in January and 5.9% in December.... Read More


Banks to seek repayment relaxation under Kisan Credit Scheme

Mumbai, Feb. 28 -- Faced with rising bad loans in the agriculture sector, banks are seeking flexibility in loan repayments under the Kisan Credit scheme from Reserve Bank of India, according to three ... Read More


RBI in favour of retaining inflation target for 5 years

Mumbai, Feb. 27 -- The Reserve Bank of India (RBI) said on Friday it is in favour of retaining the existing inflation target set in 2016 for the next five years, ahead of an upcoming government review... Read More


Reserve Bank favours retaining inflation target for next 5 years

New Delhi, Feb. 27 -- The Reserve Bank of India (RBI) said on Friday it is in favour of retaining the existing inflation target set in 2016 for the next five years, ahead of an upcoming government rev... Read More


Deadline to apply for payments entity extended till 31 Mar

New Delhi, Feb. 26 -- The Reserve Bank of India (RBI) has extended the deadline for submitting applications for setting up a pan-India umbrella entity for retail payments to 31 March. The decision com... Read More