FINANCE TODAY

by Samiksha ''Amid the pandemic, the Government has recalibrated its approach towards remobilizing the economy and introduced various reforms to ensure adequate liquidity in the system such as keeping the interest rates low, additional liquidity support to NBFC and HFCs. RBI's accommodative stance for such a long duration too helped mitigate the effects of Covid-19 on businesses and was a key to the recovery of real estate and the overall economy. These reforms have eventually proven to be positive for the economy in the long run. The outlook on India's economic growth in the coming years looks very positive with the way the Government has tackled the Covid crisis. The upcoming budget needs to be more attractive to foreign investors as it will be an ultimate platform to announce further incentives which will attract more foreign investments into the sector. Considering the rupee's recent muted performance, this budget is an ideal time for reforms targeted at foreign...

by Samiksha “The sector is seeing a strong recovery from the pandemic crisis. Residential sales in the top 8 cities have bounced back to near pre-COVID levels. While the real estate sector is looking at a robust housing demand revival in 2022. The developers expect the Union Budget 2022 to play a supportive and enabling role. The upcoming budget shall bring a lot of hope to the real estate sector. The budget shall offer the much-needed push to the infrastructural development of the country. Falling housing inventory levels and a much healthier banking system are the perfect platforms for the budget to anchor a strategic roadmap for the next decade. We should look at a multi-dimensional approach focused on the availability of improved & low-cost credit, forward-looking FDI inflow which allows foreign investment in completed housing, and inclusive participation in the start-up ecosystem through a dedicated fund focused on real estate innovations and digitization could go a long way i...

by Samiksha RBL Bank to offer intuitive AI-based recommendations through its digital platform, Abacus 2.0 Collaboration will see RBL Bank working with Google across its  products to accelerate digital transformation and deepen customer engagement New Delhi, India, Jan. 10, 2022  – RBL Bank and Google today announced a strategic collaboration to fuel the Bank’s customer experience strategy and expand its value proposition to serve its rapidly growing customer base through its digital platform, Abacus 2.0. This collaboration will enable better customer data management, and analytics, enabling effective cross-selling within the Bank’s large customer base and subsequently reducing the cost of customer acquisition, significantly. Through Abacus 2.0, the Bank aims to provide a superior and holistic one stop solution to its existing and new customers, to seamlessly deliver its different product offerings across channels. RBL Bank currently has over 4 million urban retail asset and li...

  by Samiksha Mumbai, 10th January 2022:  Traditional ways of conducting business such as the process of locally reaching out to potential business partners via directories, relying on too many salesmen of various companies for buying or selling products, are now ready to move to the next level. Although completely functional, the process of manually doing every job from sales to sales operations is tedious and time-consuming. It is now time to adopt newer ways that create ease of business, empowering one with modern ways to conduct and expand, and grow together as a community. BLUMART  is a Business Service Provider that connects Retailers and Distributors with an aim to build stronger trade connections to empower the channel. The company strives to bring ease to retailers’ purchases and distributors’ sales processes and all this is done with the help of 360 Degree Business Support of the  BLUMART  application, on-field Business Associates & a Call Centre, ...

by Samiksha Mumbai, January :  Mumbai girl Diya Chitale, who recently tasted her maiden success in the senior circuit, has moved to the joint top position in the women’s ranking as per the TTFI’s list dated 9 th  January 2022. She shares first place with Mumbai-based Reeth Rishya of PSPB and Sreeja Akula of RBI. The 18-year-old TSTTA paddler Diya had earlier this week clinched the women’s singles crown in the UTT National Ranking (Central Zone) Table Tennis Championships in Indore and with the 90 points collected from that effort she accumulated a tally of 225 points the same as runner-up Reeth (60 points) and losing semi-finalist Sreeja (45 points). Before the start of the Central Zone event, Diya was in joint fifth position, but she exhibited solid determination and resilience which enabled her to sideline the top two seeds en route to emerging champion that ensured her way to the top. In the semi-finals, Diya after trailing 1-3 showed great character and recovered splendidl...

 by Samiksha Mumbai, January :  The Karnatak Sporting Association (KSA) has taken a wise decision to postpone the ‘Silver Jubilee’ edition of the 25 th  Shri Ramanath Payyade Memorial Football Tournament, which was scheduled to kick-off on Saturday at the KSA ground, Cross Maidan, Churchgate end. Jaya A. Shetty, Joint Hon. Secretary, KSA informed that the Managing Committee took the decision to postpone the tournament. “The Covid-19 pandemic situation is currently witnessing a steep rise in the positive cases in the city and it would not be safe for the young players to travel for their matches. Taking this aspect into account the Managing Committee unanimously decided to postpone the tournament till further notice,” Shetty mentioned. “Since this is the ‘Silver Jubilee’ edition of the tournament we were all looking forward to conduct it in a big way. All the participating teams were also eagerly looking forward to playing in the tournament which is played on a league basi...

by Samiksha Key Highlights: No hypothecation, hassle free two-wheeler loan Attractive rate of interest, one of the lowest in the industry Quick Loan Approval in less than 3 minutes, Disbursal in 60 minutes Upto 90% value of the loan can be availed with a 4-year repayment scheme New Delhi, January 10, 2022 : L&T Finance, one of the leading two-wheeler financiers in India today announced the “Welcome 2022” loan for customers aspiring to buy Royal Enfield motorcycles. The scheme comes with no hypothecation and will offer hassle-free, quick loan approvals in under 3 minutes, at attractive interest rates (from 7.99% onwards) to customers who are looking to buy their favorite Royal Enfield motorcycles. The scheme will offer up to 90 percent financing of the total cost of the vehicle on a 4-year repayment which will serve as an added benefit for the customers. B Govindarajan, Executive Director, Royal Enfield  said “We’re happy to  partner with L&T Finance  to provide fi...

by Samikha  National, January, 2022:  India’s leading real estate wealth management platform, Indiassetz, has roped in Mr. Ramakrishna Bhagavan as its Chief Business Officer. Ramki, as he is popularly known, is a consumer banking veteran with extensive expertise in the retail domain across geographies in both domestic and international markets. In his earlier roles Ramki has worked with top Indian banking institutions such as HSBC, Kotak and IDFC First. Prior to joining Indiassetz, he was the Head of Retail,  SME & Wealth divisions for Maubank in Mauritius. Shivam Sinha, CEO, Indiassetz , said,  “Ramki has an impeccable track record of leadership and range of business skills that we believe are essential for heading the business at Indiassetz. In 2022, our key focus will be on extending the company's customer base. Ramki’s considerable experience in global business, strategic collaborations, and managing massive distribution networks will be beneficial to Indiass...

by Samiksha As per Knight Frank India, property sale registrations in Mumbai saw a 70% rise to 111,552 units in 2021 from the previous year and 45% more than the pre-pandemic year of 2019. Meanwhile, the Western suburbs dominated housing sales in the city by 53 per cent followed by Central suburbs with a sales contribution of 31 per cent in 2021. The upcoming infrastructure has played a significant role in recent years, leading to an increase in demand for properties in western suburbs. Further, the Metro 2A, Metro 7 and Metro 3 routes will put the area on a realty growth track. Describing the growth factors of the western suburbs,  Ms. Shraddha Kedia-Agarwal, Director, Transcon Developers  said,  "The western suburbs are witnessing traction in the high-end residential segment; the growing number of projects is a response to growth in demand. Everything from business hubs, domestic and international airports, Western Express Highway to hubs of entertainment, hospitals and...