This included Rs 1,800 crore slippages that the bank identifies as a direct fall out of COVID-19 impact. PNB isn’t alone. On Friday, global rating agency, Moody’s placed IndusInd Bank's domestic and foreign currency issuer ratings of Baa3/P-3 under review for a downgrade. … [Read more...] about RBI industrial outlook surveys confirm what bank NPA charts have been telling us for long
Rbi rate cuts
What then should investors do, apart from lighting candles on Sunday? They must put the market crash and the bear market rallies to good use. They must consider making gold an important part of their portfolio. They could look at fallen angels. Companies in the front lines of the fight against the coronavirus are good picks. We looked for value in the most beaten down sectors. And, of course, we continued to back defensive stocks here and here. We also warned investors to be cautious, as liquidity has dried up in our equity markets. … [Read more...] about Moneycontrol Pro weekender | Will April be the cruellest month?
3)SRA: Slum Rehabilitation projects are the only game in town if one is keen to undertake large projects given the paucity of free land in the city. As I highlighted in an earlier column, 24 percent of habitable land in Mumbai is encroached by slums. Political reasons have ensured that the minimum size of a flat a slum dweller receives is more than 300 square feet. Currently many luxury projects are SRA – and they have largely performed below expectations. Chembur Central goes the other extreme. To my mind – it is the only SRA project wherein slum dwellers will be receiving flats bigger than the actual buyers in the project. The space between entry-level and luxury housing exists and more SRA projects will have to fit in there. … [Read more...] about Real estate project with the smallest apartment in India offers the biggest lessons to Mumbai developers