Affordable Housing – The Next Big Phenomenon?
Affordable Housing – The next big phenomenon? For several years, one has been hearing the phrase ‘Affordable Housing’. When this phrase started gaining popularity, say around 10 to 12 years ago, there were people who considered it a newly coined oxymoron! Something that can be likened to phrases like ‘detailed summary’ or ‘happily married’. Can Housing […]
India – Loss Absorption Buffers and Gross NPAs
India – Loss Absorption Buffers and Gross NPAs The preamble to the World Economic Report, April 2015 released by IMF projects that advanced economies will do better in the current year compared to the last year. However, the emerging markets and the low-income countries will slow down compared to the last year, reflecting weak prospects […]
Why is RBI not supportive of giving SARFAESI to all HFCs
Why is the Reserve Bank of India, not supportive of giving the benefit of SARFAESI to ALL HFCs? The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI) Act, was instituted in the year 2002. One of the key purposes of the Act was to give more teeth to specified categories […]