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Biden Pledges "Historic" $4 Billion To World Bank Fund For Poor Nations
US President Joe Biden announced a "historic" $4 billion pledge for a World Bank fund that helps the world's poorest countries, the White House said Monday, before Donald Trump takes office with a new cost-cutting agenda.
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At G20, Biden Rallies To Boost World Bank Aid To Low-, Mid-Income Nations
US President Joe Biden rallied G20 nations to agree to collectively mobilise more headroom and concessional finance to boost the World Bank's capacity to support low- and middle-income countries, the White House said on Saturday.
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Housing Prices Rise In 42 Cities In First Quarter: National Housing Bank
Housing prices rose in 42 cities in the first quarter of 2022-23, while the rates of residential units fell in five cities and remained stable in three cities, according to the price index Residex released by NHB.
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HDFC Hikes Lending Rate On Housing Loans
HDFC Limited has hiked its retail prime lending rate (RPLR) by 5 basis points or 0.05 per cent on housing loans
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On Camera, Beach House Collapses Into Ocean As Sea Levels Rise
A beach house in North Carolina's Outer Banks recently collapsed from high water levels. A video shows the demise of the home as ocean waves caused the stilts supporting the house to teeter and fall.
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Budget 2022 Shouldn't Focus On Fiscal Consolidation Alone, Says SBI Economists
House economists at the nation's largest lender State Bank of India (SBI) have urged the government to budget for nursing the pandemic-ravaged economy and not to focus too much on fiscal consolidation as there is a need for more stabilisation measures to sustain the fledgling recovery.
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Parliament Passes Bill To Set Up National Bank For Financing Infrastructure
Finance Minister Nirmala Sitharaman asserting that its audited accounts will be placed before both the Houses every year and they will have "oversight" of the institution
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Punjab National Bank Reports Rs 3,689-Crore DHFL Loans As Fraud
State-run Punjab National Bank was hit by a Rs 11,300-crore fraud involving billionaire jeweller Nirav Modi in 2018.
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National Housing Bank Exposure In Dewan Housing Finance At Rs 2,435 Crore: India Ratings
National Housing Bank's gross NPA ratio was flat at 0.01 per cent in FY19 as compared to the previous fiscal.
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DHFL Tanks After Downgrades, Raising Worries About Shadow Banking Sector: 10 Points
Dewan Housing Finance Corporation Ltd or DHFL shares fell more than 18 per cent on Thursday, a day after credit ratings agencies ICRA and Crisil downgraded its commercial papers. The downgrade of DHFL's commercial papers to their lowest level came after the lender missed payments on bonds which were due this week. The action by the agencies, descri...
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PNB Housing Stake Sale To Boost PNB's Capital Reserves: Moody's
The report said that it estimates the sale will increase PNB's Common Equity Tier 1 (CET1) ratio by about 40 basis points.
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Dewan Housing Finance Shares Fall 6% After CEO Harshil Mehta Resigns
Dewan Housing Finance shares opened lower at Rs 104.00 apiece on the National Stock Exchange (NSE) and slumped to an intraday low of Rs 103.95 in early trade, from their previous close of Rs 111.20.
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CBI Arrests 10 Over Misuse Of PNB Letters Of Undertaking Worth 9 Crore
The CBI has arrested 10 people for alleged misuse of Lettter of Undertakings worth over Rs 9 crore in the Punjab National Bank's Brady House branch, the fountainhead of a USD 2 billion scam perpetrated by billionaires Nirav Modi and Mehul Choksi, officials said on Wednesday.
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Shadow Banking Crisis Starting To Hit Consumer Spending: Report
NBFCs have become increasingly important in supporting consumer spending as the nation's formal banking sector is weighed down by bad loans.
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National Housing Bank Raises Refinance Limit To Rs 30,000 Crore
The revision in the refinance limit comes on the back of rising contagion fears after IL&FS, a major infrastructure financing and construction company, defaulted on some of its debt obligations.
-
Biden Pledges "Historic" $4 Billion To World Bank Fund For Poor Nations
US President Joe Biden announced a "historic" $4 billion pledge for a World Bank fund that helps the world's poorest countries, the White House said Monday, before Donald Trump takes office with a new cost-cutting agenda.
-
At G20, Biden Rallies To Boost World Bank Aid To Low-, Mid-Income Nations
US President Joe Biden rallied G20 nations to agree to collectively mobilise more headroom and concessional finance to boost the World Bank's capacity to support low- and middle-income countries, the White House said on Saturday.
-
Housing Prices Rise In 42 Cities In First Quarter: National Housing Bank
Housing prices rose in 42 cities in the first quarter of 2022-23, while the rates of residential units fell in five cities and remained stable in three cities, according to the price index Residex released by NHB.
-
HDFC Hikes Lending Rate On Housing Loans
HDFC Limited has hiked its retail prime lending rate (RPLR) by 5 basis points or 0.05 per cent on housing loans
-
On Camera, Beach House Collapses Into Ocean As Sea Levels Rise
A beach house in North Carolina's Outer Banks recently collapsed from high water levels. A video shows the demise of the home as ocean waves caused the stilts supporting the house to teeter and fall.
-
Budget 2022 Shouldn't Focus On Fiscal Consolidation Alone, Says SBI Economists
House economists at the nation's largest lender State Bank of India (SBI) have urged the government to budget for nursing the pandemic-ravaged economy and not to focus too much on fiscal consolidation as there is a need for more stabilisation measures to sustain the fledgling recovery.
-
Parliament Passes Bill To Set Up National Bank For Financing Infrastructure
Finance Minister Nirmala Sitharaman asserting that its audited accounts will be placed before both the Houses every year and they will have "oversight" of the institution
-
Punjab National Bank Reports Rs 3,689-Crore DHFL Loans As Fraud
State-run Punjab National Bank was hit by a Rs 11,300-crore fraud involving billionaire jeweller Nirav Modi in 2018.
-
National Housing Bank Exposure In Dewan Housing Finance At Rs 2,435 Crore: India Ratings
National Housing Bank's gross NPA ratio was flat at 0.01 per cent in FY19 as compared to the previous fiscal.
-
DHFL Tanks After Downgrades, Raising Worries About Shadow Banking Sector: 10 Points
Dewan Housing Finance Corporation Ltd or DHFL shares fell more than 18 per cent on Thursday, a day after credit ratings agencies ICRA and Crisil downgraded its commercial papers. The downgrade of DHFL's commercial papers to their lowest level came after the lender missed payments on bonds which were due this week. The action by the agencies, descri...
-
PNB Housing Stake Sale To Boost PNB's Capital Reserves: Moody's
The report said that it estimates the sale will increase PNB's Common Equity Tier 1 (CET1) ratio by about 40 basis points.
-
Dewan Housing Finance Shares Fall 6% After CEO Harshil Mehta Resigns
Dewan Housing Finance shares opened lower at Rs 104.00 apiece on the National Stock Exchange (NSE) and slumped to an intraday low of Rs 103.95 in early trade, from their previous close of Rs 111.20.
-
CBI Arrests 10 Over Misuse Of PNB Letters Of Undertaking Worth 9 Crore
The CBI has arrested 10 people for alleged misuse of Lettter of Undertakings worth over Rs 9 crore in the Punjab National Bank's Brady House branch, the fountainhead of a USD 2 billion scam perpetrated by billionaires Nirav Modi and Mehul Choksi, officials said on Wednesday.
-
Shadow Banking Crisis Starting To Hit Consumer Spending: Report
NBFCs have become increasingly important in supporting consumer spending as the nation's formal banking sector is weighed down by bad loans.
-
National Housing Bank Raises Refinance Limit To Rs 30,000 Crore
The revision in the refinance limit comes on the back of rising contagion fears after IL&FS, a major infrastructure financing and construction company, defaulted on some of its debt obligations.
