In a recent letter to the Finance Minister with recommendations to revive the realty sector, the National Real Estate Development Council (NAREDCO)&nbsp;has urged the government to provide a one-time roll over or restructuring of loans taken by developers. Due to the downturn in the market and also failures of several big NBFCs, the developers are facing acute liquidity shortage, the letter mentioned.&nbsp;It is noted that the RBI, through its June order, also permitted the banks to restructure or roll over the loans at their option.

In a recent letter to the Finance Minister with recommendations to revive the realty sector, the National Real Estate Development Council (NAREDCO) has urged the government to provide a one-time roll over or restructuring of loans taken by developers. Due to the downturn in the market and also failures of several big NBFCs, the developers are facing acute liquidity shortage, the letter mentioned. It is noted that the RBI, through its June order, also permitted the banks to restructure or roll over the loans at their option.

The coronavirus pandemic has hit hard the luxury car segment in India, taking it back by five to seven years, a top official of auto major Audi told PTI.&nbsp;He added that it will take two to three years to reach the levels witnessed around 2014-2015.&nbsp;Sales are growing and there are positive sentiments, but the base has become lower, Audi India Head told PTI.

Indian equity markets opened on a weak note on Thursday&nbsp;following global peers.
At 9:20 am, the Sensex was 133 points in the red at 40,574 and the Nifty fell 0.26% to trade at 11,906.
DrReddy, ICICI&nbsp;Bank, Asian Paints, Hindalco,&nbsp;and Powergrid&nbsp;were the top losers.

After a highly volatile session influenced by the European markets, Indian equity benchmarks ended in the green on Wednesday.
The Sensex&nbsp;ended 162 points up at 40,707 and the Nifty closed at 11,937, 0.34% higher.
Powergrid, Bharti&nbsp;Airtel, Tata&nbsp;Steel, Hindalco and GAIL were the top five Nifty gainers.
The rupee depreciated 9 paise to settle at 73.58 against the US dollar.
&nbsp;

The government may ask some public companies to buy back shares in order to&nbsp;shore up its finances amid the coronavirus pandemic, according to a Bloomberg&nbsp;report.
Coal India Ltd., NTPC Ltd., NMDC Ltd., MOIL Ltd., KIOCL Ltd, and Engineers India Ltd. are among the eight companies that might be asked to repurchase shares this year, the report said.
The strategy will help the government access part of the more than ₹40,000 crore&nbsp;of cash hoard with the companies as of March 31.

Foreign direct investment (FDI) in India rose 16% year-on-year to $27.1 billion during April-August this year, the Commerce and Industry Ministry said on Tuesday.
FDI equity flows were boosted by investments into Jio Platforms, as per a report in The Hindu. A lot of quiet private equity investments were made in the real estate sector as well, the report said.&nbsp;
Experts believe the numbers would have been even higher if border tensions with China hadn&rsquo;t triggered curbs on their investments into India.

Equity markets moved higher in the morning session on Wednesday led by banks and financials. Most Asian markets were also higher following the gains in Wall Street.
At 9:18 am, the Sensex was at 40,835, up 290 points and the Nifty was 0.65% in the green at 11,974.
BPCL, Tata&nbsp;Motors, IndusInd&nbsp;Bank, HDFC&nbsp;Bank and Kotak&nbsp;Mahindra Bank were the top&nbsp;five Nifty supporters.

Even as the global markets remained mixed, Indian equity benchmarks closed on Tuesday with some gains as IT stocks surged.
The Sensex&nbsp;closed&nbsp;112 points in the green at 40,544 and the Nifty ended the trade 0.20% higher at 11,896.
HCL Tech, Tech Mahindra, Asian Paints, Bharti&nbsp;Airtel&nbsp;and HDFC&nbsp;Bank were the top five gainers.
The rupee depreciated by 12 paise to settle at 73.49 against the US dollar.

Indian equity markets remained lower in the opening session on Tuesday following a huge fall in the US markets. Asian bourses&nbsp;were also in the red.
At 9:20 am, the Sensex was 74 points down at 40,357 and the Nifty fell 0.18% to trade at 11,851.
Britannia, Kotak&nbsp;Mahindra&nbsp;Bank, ICICI&nbsp;Bank, GAIL and Axis Bank were the top Nifty losers.

Equity markets closed with sharp gains on Monday led by heavy buying in banking and financial stocks.
The Sensex&nbsp;finished the day 448 points up at 40,431 and the Nifty surged 0.94% to end at 11,873.
ICICI&nbsp;Bank, Nestle India, GAIL, Axis Bank and SBI were the top gainers.
The rupee fell 2 paise to 73.37 against the US dollar.

The country's largest private-sector lender&nbsp;HDFC&nbsp;Bank has reported a 18.4% year-on-year jump in its September quarter net profits at ₹7,513 crore.
Net interest income increased by 16.7% y-o-y to ₹15,776&nbsp;crore&nbsp;driven by asset growth of 21.5% and a net interest margin for the quarter at 4.1%.
It registered a 15.8% y-o-y growth in advances, while deposits rose&nbsp;20.3% y-o-y.
The gross non-performing assets ratio fell 28 basis points quarter-on-quarter to 1.08%, while the net NPA ratio&nbsp;declined 16 bps sequentially to 0.17%.

Even as the Asian markets remained mixed, Indian equity benchmarks edged higher in the opening session on Monday led by strong momentum in banking and financial stocks.
At 9:20 am, the Sensex was 336 points in the green at 40,319 and the Nifty was trading at 11,835, up 0.62%.
ONGC, HDFC, DrReddy, HDFC&nbsp;Bank, and ICICI&nbsp;Bank were the top five index movers.

Equity benchmarks&nbsp;ended higher on Wednesday led by a&nbsp;strong rally in banking and financial stocks. IT and pharma, however, remained on the losing side.&nbsp;
The Sensex&nbsp;ended 169 points higher at 40,794 and the Nifty closed the trade rising 0.31% at 11,971.
Bajaj&nbsp;Finserv, SBI&nbsp;Life, Bajaj&nbsp;Finance, IndusInd&nbsp;Bank and ICICI&nbsp;Bank were the top market movers.
Asian bourses&nbsp;were mixed while a strong upside was seen in the European markets.
The rupee edged 4 paise higher to close at 73.31 against the US dollar.
&nbsp;

The pandemic-induced one-time loan restructuring will spike the system-wide gross non-performing assets to 11.5% by March, Care Rating said.
The rating agency expects 4-5% of the existing loans to be stressed and opt for restructurings through the course of the year.
The system-wide GNPAs stood at 8.2% in Q1FY21, down from 9.5% in Q1FY20, thanks to the recoveries and higher write-offs during the period.

Equity markets opened slightly weak on Wednesday following global cues.
At 9:16 am, the Sensex&nbsp;was 65 points in the red at 40,560 and the Nifty was 0.19% down at 11,911.
Wipro, GAIL, UPL, ICICI&nbsp;Bank and Axis Bank were the top Nifty losers.

Equity markets ended Tuesday on a flat note amid mixed global cues. Banking stocks tumbled while strong buying was witnessed in the IT sector.
The Sensex&nbsp;ended the day 31 points up at 40,625 and the Nifty closed the trade at 11,934, 0.03% higher than its previous day closing rate.
HCL&nbsp;Tech, Infosys, Kotak&nbsp;Bank, Reliance and Ultratech&nbsp;Cement were the top gainers. While Cipla, Titan, Adani&nbsp;Ports, Divis&nbsp;Labs and ICICI&nbsp;Bank were the top five losers.
The rupee depreciated 7 paise to settled at 73.35 against the US dollar.

Wipro's&nbsp;board of directors on Tuesday&nbsp;approved a buyback proposal worth&nbsp;₹9,500 crore.&nbsp;As per the exchange filing,&nbsp;Wipro plans to purchase 23.75 crore scrips at&nbsp;₹400 per equity share. Its&nbsp;shares closed at&nbsp;₹375 on Tuesday. The buyback price is at a 6.6% premium to today's closing price.

Indian stock markets were slightly lower in the opening session on Tuesday even as metal and IT stocks gained. Asian markets remained mixed.
At 9:25 am, the Sensex was 30 points down at 40,573 and the Nifty was trading tad above its 11,900 level.
Among the top losers were ICICI&nbsp;Bank, GAIL, IndusInd&nbsp;Bank, SBI and Axis Bank. Whereas Ultratech&nbsp;Cement, Bharti&nbsp;Airtel, Tata&nbsp;Steel, JSW&nbsp;Steel and HCL&nbsp;Tech were the top gainers.

Stock markets moved higher in the morning trade on Monday led by a strong rally in banks and financials.
The Nifty was trading above 12,000-mark after rising 0.77%. At 9:25 am, the Sensex&nbsp;was 335 points in the green at 40,845.
ITC, SBI, Axis Bank, Hindalco&nbsp;and HDFC were the top five Nifty gainers.

In order to enhance liquidity and flow of credit in the system the Reserve Bank of Friday announced on tap Targeted Long Term Repo Operations or&nbsp;TLTRO with tenures&nbsp;of up to three years for a total amount of up to ₹1 lakh&nbsp;crore at a floating rate linked to the policy repo rate.
Liquidity availed by banks under the scheme has to be deployed in corporate bonds, commercial papers, and non-convertible debentures issued by entities in specific sectors over and above the outstanding level of their investments.

Indian equity benchmarks&nbsp;started Friday session with mild gains led by strong buying in metal stocks.
At 9:25 am, the Sensex was 103 points up at 40,285 and the Nifty was trading at 11,865, rising 0.26%.
Hindalco, Tata&nbsp;Steel, Bharti&nbsp;Airtel, M&amp;M and L&amp;T were the top Nifty gainers.

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NAREDCO suggests one-time roll over of realty loans

Dec 27, 2019 16:15 IST

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