New Lending Rate system a boon for mid-sized banks

MUMBAI: The Marginal Cost of Funds based Lending Rate (MCLR) system could become a tool for expanding business especially for the mid-sized private sector banks as it gives them an opportunity to offer lower rates in short-term maturities, opening up a new market which was so far not within the reach of these lenders. The new MCLR regime, which was …

No Threat Of Systemic Risk From Housing Sector: RBI

Mumbai: A rise in home prices “moderated significantly” in 2015-16 and there is no threat of any systemic risk from the housing sector with the gross non-performing assets (NPAs) amongst retail loans being contained, the Reserve Bank of India (RBI) said on Tuesday. “With gross non-performing asset (GNPA) ratio around 1.3 per cent, the retail housing segment does not presently …