Project fraternity shares view post RBI Policy announcement

Project fraternity shares view post RBI Policy announcement

Projects Today - August 15, 2020

;The RBI was expected to announce a status quo on rates after multiple and significant repo rate reductions over the past few months. The move to offer a further Rs 10,000 crore to NABARD & NHB will help bring liquidity to the sector. The 90 percent lending against gold will make it easier for the middle class to avail liquidity. It is important now for the RBI to further reduce the reverse repo to help banks lend further and let go of the cautious approach that has been adopted currently. Importantly, the move to form an expert committee to examine the one-time restructuring of loans will significantly help borrowers mitigate the impact of COVID-19 and the subsequent lockdowns."

Kaushal Agarwal – Chairman, The Guardians Real Estate Advisory on RBI policy announcement

Projects Today - August 14, 2020

“A Positive step by Reserve Bank of India to pay heed to India Inc’s long pending demand of one time restructuring of loans without classifying them as NPAs, by setting up an expert committee steered by KV Kamath. Opening up the window for restructuring of loans to companies, individuals and MSME under mandated safeguards grants breather to the liquidity strapped industry. A flexible repayment scheme under the new resolution framework shall bring in the much-needed relief to resume operations smoothly. He additionally acknowledged the fact accorded by the RBI governor of maximum transmission of rate cut benefits percolating down the banking stream, which shall be reflected in easing the credit supply to meet working capital needs of the Industry across the board. Additionally, liquidity of Rs 10,000 crore announced to be infused in NABARD and NHB will definitely aid the reeling sector to tide over the liquidity crisis”. This indicates that the fiscal measures by RBI have started showing the positive outcomes on the economy."

Dr Niranjan Hiranandani – President, Assocham & NAREDCO on RBI policy announcement

Projects Today - August 11, 2020

''The RBI has approved a long pending demand of the real estate sector to allow one-time restructuring of loans. This will boost the much-needed liquidity and streamline stressed assets in the real estate sector. But this restructuring comes with a stipulation and It will be implemented by 31 March 2021. It would have been an icing on the cake, had the RBI considered the net worth positive projects and allowed one-time restructuring for all the projects, which were held up. On the other side, the move will upscale the efforts of the realtors to revive the housing demand by selling-off unsold housing inventories too. Another Rs 10,000 crore window facilitated through the National Housing Bank & NABARD will shield the housing sector from liquidity disruptions and will augment the flow of finance to the sector through housing finance companies. This provision will reduce the stress being faced by smaller non-bank finance companies and micro-finance institutions in obtaining access to liquidity.''

Rajan Bandelkar, President, NAREDCO West on RBI policy announcement

Projects Today - August 8, 2020

RBIs proactive measure will help revive economy Dr Niranjan Hiranandani, President

RBI’s proactive measure will help revive economy: Dr Niranjan Hiranandani, President – Assocham...

Projects Today - July 4, 2020

Expert Speak

Home Expert Speak

Himanshu Chaturvedi, Chief Strategy Officer, Tata Projects shares view on Atmanirbhar...

Projects Today - July 2, 2020

Project fraternity shares view post Finance Ministers announcement

Project fraternity shares view post Finance Minister’s announcement

Projects Today - June 30, 2020

Financial vaccine would restore and revive lives at the bottom of...

Projects Today - June 30, 2020

Kaushal Agarwal Chairman, The Guardians Real Estate Advisory on extension of deadline for CLSS scheme

Kaushal Agarwal – Chairman, The Guardians Real Estate Advisory on extension...

Projects Today - June 28, 2020

Sumant Sinha, CMD ReNew Power on financial relief for Power sector announced by FM

Sumant Sinha, CMD ReNew Power on financial relief for Power sector...

Projects Today - June 28, 2020

Metals and Ferro Alloys

Subhrakant Panda, Managing Director, Indian Metals and Ferro Alloys (IMFA) on...

Projects Today - April 14, 2020

Ramesh Nair, CEO & Country Head of JLL India on RBI...

Projects Today - April 6, 2020

RBI Policy for the real estate sector by Rajan Bendelkar, President,...

Projects Today - April 6, 2020

Gyanesh Chaudhary, Managing Director, Vikram Solar shares views post RBI announcement...

Projects Today - April 5, 2020

COVID–19

Impact of COVID-19 on the real estate sector

Projects Today - April 3, 2020

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