Hike of 0.25 basis points in repo rate will not make major difference to real estate: Niranjan Hiranandani

By Accommodation Times Bureau MUMBAI The RBI has raised a 'cautionary flag' on inflation, by raising the repo rate by 25 basis points. This marks the first interest rate hike in four-and-a-half years. The counter-balancing factor was that the RBI has retained its 'neutral' stance. The six-member monetary policy committee (MPC), headed

Rise in NPAS in the Banking Sector

By Accommodation Times News Services The details of Gross Advances, Gross Non-Performing Assets (GNPA)+ Restructured Advances and Gross NPA + Restructured Advances ratio of Scheduled Commercials Banks (SCBs) for last three years are as under:   SCHEDULED COMMERCIAL BANKS (Rs. In crore) GROSS ADVANCES GROSS NPA + RESTRUCTURED ADVANCES GNPA + RESTRUCTURED ADVANCES RATIO FY 2014 61,01,775 6,08,967 9.98% FY 2015 66,91,204 7,28,925 10.89% FY 2016 72,73,202 8,32,786 11.45%   Main