DXB said in a statement that airport 'recovery will take some time' after there was flooding caused by rainwater on the runway
Recently, the Reserve Bank of India hiked the repo rate by 90 basis points, bringing it to 4.90 per cent.
However, Ravi Subramanian, Managing Director and CEO, Shriram Housing Finance, said that interest rates will further go up.
He said in an interview to local media: "Another 75 basis point hike over the next 60-75 days seems a possibility, which would mean that the housing finance rate will go up by another per cent and a half for consumers in the country."
He added that he believes that another hike will not majorly impact existing loans.
Local media has reported that the finance ministry reviewed their asset quality, credit flow and capital-raising plans, and briefly discussed the consolidation exercise, in a meeting with chiefs of public sector banks.
The Financial Services Institutions Bureau will help these state-run banks, foreign investors and insurers in developing business strategies and capital raising plans, among others.
ALSO READ:
DXB said in a statement that airport 'recovery will take some time' after there was flooding caused by rainwater on the runway
The 22-time Grand Slam title winner was returning to action for the first time after missing most of the 2023 season
For the company's founders, it was a way to give back to the community
Unlocking Holistic Health: Camp to address all acute and chronic issues
Pizza Di Rocco expands into new communities
World No 3 focused on winning in Stuttgart, Madrid or Rome to get a title on the surface under her belt
Roads were shut and stern warnings were issued as the country experienced extreme weather conditions
The game’s rising stars and DP World Tour winners will be in action over the next four days at the Al Ain Equestrian, Shooting & Golf Club