Money Multiplier – For One Rupee of RBI, How much is generated in Indian Economy? The concept of Money Multiplier is an interesting one. In this context, the ‘multiplier’ is not about growth in investments, but it refers to ‘Money Supply’. Money Supply as in, for each rupee of money of the Central Bank […]
Sitaraman Swaminathan Just after a budget that allowed inclusion of NBFCs into the SARFAESI fold, giving a shot in the arm for NBFCs that are actively involved in property backed lending, RBI announced another relaxation in the lending norms for Banks. In 2012, RBI had brought out a policy that prohibited inclusion of Stamp Duty […]
Why is the Reserve Bank of India, not supportive of giving the benefit of SARFAESI to ALL HFCs? The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI) Act, was instituted in the year 2002. One of the key purposes of the Act was to give more teeth to specified categories […]
