NHB Flags Slow PMAY 2.0 Loan Disbursements
National Housing Bank has flagged slower-than-expected loan disbursements under Pradhan Mantri Awas Yojana (PMAY) 2.0 during a recent review with housing finance companies, according to reports. The regulator noted that lending under the interest subsidy scheme has yet to gain the intended momentum, despite the programme being operational for several months. The issue was discussed in a meeting with chief executives of leading housing finance companies last week, where NHB officials said disbursals were falling short of internal targets. Lenders were asked to strengthen follow-through on sanc..
HDFC AMC Enters Private Credit With Structured Debt Fund
HDFC Asset Management Company has entered India’s fast-growing private credit market with the launch of its Structured Credit Fund-I, aimed at providing alternative debt financing to mid-market companies. The International Finance Corporation, a member of the World Bank Group, will invest up to Rs 2.2 billion as an anchor investor in the fund, HDFC AMC said in a statement. The fund has secured commitments of around Rs 12.9 billion in its first close and is targeting a total corpus of Rs 15 billion, with a green-shoe option to raise an additional Rs 10 billion. This includes a sponsor commi..
Coal Imports Seen Easing After November Surge
India’s coal imports, which rose sharply by 28.1 per cent in November, are expected to decline in the coming months as domestic availability improves, according to industry data. Coal imports increased to 25.07 million tonnes in November, compared with 19.57 million tonnes in the same month last year, data compiled by mjunction services ltd showed. The platform is a joint venture between SAIL and Tata Steel. According to mjunction, the increase was largely driven by winter restocking by steel producers, along with fresh buying triggered by weak seaborne coal prices. However, imports are ex..
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