Latest news with #defaults
Reuters
14 hours ago
- Business
- Reuters
Indian central bank rationalises provisioning for infrastructure loans
MUMBAI, June 19 (Reuters) - The Reserve Bank of India was rationalising the standard asset provisioning requirement for all under-construction projects, it said on Thursday, but these would gradually increase in case of deferment. The standard asset provisioning requirement would stand at 1% for all projects under construction which would gradually increase for each quarter of date of commencement of operations deferment, the central bank said in a statement on its website. The provisioning requirement for under-construction commercial real estate exposures will be slightly higher at 1.25%. Indian banks saw large defaults across infrastructure loans starting in 2012-2013 on account of exuberant lending, which strained the country's banking system. The Reserve Bank of India had last year proposed to lenders to set aside higher provisions for under-construction infrastructure projects and asked them to ensure strict monitoring of any emerging stress.
Bloomberg
08-05-2025
- Business
- Bloomberg
Retail Investors Pull $13 Billion From Property Funds in Europe
Retail investors are continuing to pull money from European real estate funds as rising levels of defaults and higher interest rates limit the attractiveness of the industry. Mom and pop investors yanked €11.44 billion ($13 billion) in the year through March from products domiciled in the region, according to data compiled by Morningstar Inc., 20% more than in the previous 12 months. Monthly euro-denominated real estate fund flows have been negative since February 2023, said the data provider, which tracks open ended and exchange traded products.
