While demand for sub ₹50-lakh affordable housing prevails, market players cite increased land rates, escalated construction costs and low margins as key prohibiting factors
Banks maintain credit growth guidance at 11-13 per cent and await CRR reduction and festival season before revising projections
Financial Services secretary M. Nagaraju said banks were also urged to boost credit to small businesses and improve deposit mobilisation, following a review meeting chaired by FM Nirmala Sitharaman
Ahmedabad is the most affordable housing market and Mumbai the least: Knight Frank
The MPC delivered a larger-than-expected 50-bp rate cut in June to bolster economic growth as inflation remained below target
Since the February 2025 MPC, the RBI has started to support growth by cutting policy rate
Additional provisions forDate of Commencement of Commercial Operations deferred standard assets are reduced to 0.375 per cent-0.5625 per cent per quarter vs. 2.5 per cent for cumulative deferments
Thus far in the month of June 2025, the realty index has outperformed the market by surging 9.4 per cent, as against 0.5 per cent gain in Nifty 50
Credit growth slows as banks tighten lending amid stress in microfinance and unsecured loans; deposit growth outpaces credit by 100 bps in May 30 fortnight
The policy rate currently stands at 5.50 per cent, while the overnight call rate averages 5.30 per cent and the TREPS rate hovers near 5.20 per cent
Clearly, it is not for the RBI and its monetary policy committee (MPC) to fix any of these deep structural issues and magically create growth
PNB Housing Finance, ICICI Home Finance and Bajaj Home Finance among firms to announce updated terms
Consumption stocks: With RBI cutting repo rate and CRR amid easing inflation, consumer sentiment is expected to improve. Find out which consumer stocks could benefit the most and top stocks to buy
Capri Global, Five-Star Business, IIFL Finance, Bandhan Bank, Fedbank Financial, ESAF SFB and RBL Bank from the BSE Financial Services index have rallied between 5% and 14% in intra-day trade today.
However, new borrowers and FD savers may not enjoy the same benefits as banks protect their margins.
After the RBI's surprise 50 bps repo rate cut, major state-run banks including PNB, Bank of Baroda and UCO Bank have reduced lending rates to boost transmission
After pandemic, this is the first time RBI has reduced policy repo rate by 50 bps to 5.5%
Announces staggered CRR reduction of 100 bps
CRR cut to partially offset margin pressure from rate cuts from H2 FY26
The Sensex closed at 82,189, up 747 points (0.9 per cent), while the Nifty 50 index settled at 25,003, gaining 252 points