Naukariadda

Mumbai: The Reserve Bank of India (RBI) Wednesday allowed banks to lend directly to Real Estate Investment Trusts (REITs). It capped overall bank exposure to a REIT or Infrastructure Investment Trust (InvIT), with its underlying SPVs and holding companies, at 49% of its asset value .The new framework requires that at least 80% of a REIT's underlying assets generate positive cash flows from operations for a minimum of one year for it to be eligible for bank funding.Also read: RBI cancels registration certificates of 135 NBFCsSimilarly, banks can lend only to listed InvITs with at least 80% of assets invested in completed, revenue-generating infrastructure projects that have generated positive cash flows for at least one year. The RBI said that a bank will be permitted to lend to REITs which are registered with and regulated by Sebi. The central bank said the overall exposure of all banks to a borrowing REIT, together with its underlying SPVs and holding companies, should not exceed ...

New Delhi: Crude oil prices are expected to average $105 per barrel in June and July, assuming the Strait of Hormuz remains largely closed in the near term and global oil inventories continue to decline, according to the latest outlook from the US Energy Information Administration (EIA).International benchmark Brent was trading around $93 per barrel on Wednesday despite an exchange of strikes between the US and Iran. Brent has remained highly volatile this week as the US, Israel and Iran traded attacks, but prices have stayed below $100 per barrel. Markets are betting that both the US and Iran want to avoid a return to full-scale war and are using limited strikes largely for signalling during the truce period while negotiating a permanent deal, an industry executive said.Also read: Iran war fallout: Fuel use drops 6.5% in May; experts see warning signs for economySignificant demand destruction globally is also limiting the rise in prices despite what industry executives describe as the...

New Delhi: Condemning severe police brutality in Pakistan-occupied Kashmir (PoK), which had led to the death of at least 20 protesters, India on Tuesday said that the international community must hold Pakistan accountable for its misdeeds and abuses.Reacting to continued protests and a heavy-handed crackdown in PoK, external affairs ministry spokesperson Randhir Jaiswal said desperate attempts are being made to cover up failings by Pakistan, with a pattern of fake news and videos emanating to deflect attention away from human rights abuses.Also read: 190 vs 620: India has nuke edge over Pakistan but can it deter China?"There are reports of severe police brutality in Pakistan-occupied Kashmir in which several protestors have been killed and many injured. We hope the international community will hold Pakistan accountable for its misdeeds and abuses," Jaiswal said.People with knowledge of the matter said that the crackdown on civilians appeared to have intensified since the post...

from Economic Times https://ift.tt/FcgEfnG

from Economic Times https://ift.tt/mC07aWu

from Economic Times https://ift.tt/LQNT3I4