India relaxes rules for foreign investment in real estate

A labourer sits atop a steel girder at the construction site of a hospital building in Ahmedabad, India, May 6, 2015. REUTERS/AMIT DAVE The cabinet on Wednesday relaxed rules to allow foreign funds to invest in real estate investment trusts (REITs), a move designed to revive the country’s capital-starved property sector. The government introduced REITs … More India relaxes rules for foreign investment in real estate

SBI, HDFC Bank & ICICI Bank Take Lead in Cutting Base Lending Rates

State Bank of India was the first off the block to impress the regulator on Tuesday by reducing its base rate, forcing private sector peers HDFC Bank and ICICI Bank to follow suit as they took heed of RBI governor Raghuram Rajan’s stern message to ensure transmission of monetary policies. State Bank of India lowered … More SBI, HDFC Bank & ICICI Bank Take Lead in Cutting Base Lending Rates