Fri, Apr 26, 2024 3:01 PM
Property registrations in Kolkata up 17% in March 2024
A Flip by Riya Sharma
Indian Overseas Bank (IOB) has put on sale 92 bad loan accounts totalling ₹13,472 crore, including Videocon Industries (₹900 crore), Frost International (₹839 crore) and Rotomac Global (₹750 crore), for a reserve price of over ₹4,000 crore. The sale is the Chennai-based bank's attempt to explore other avenues for recovery.
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For the first time in nearly a generation, fixed income is living up to its name. This, at a certain level, is simply the consequence of benchmark rates in the US jumping from 0% to over 5% in a span of two years. But at a time when all of Wall Street seems fixated on whether the Federal Reserve will actually cut interest rates this year.
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Tinkering with the interest rate alone may not help with the repayment ability of home loan borrowers, according to a research paper supported by the Reserve Bank of India. Prudential measures like risk weights and loan-to-value adjustments, along with interest rates, will be more effective in repayments of loans. This will also help in housing credit growth and controlling the asset quality.
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