23 Dec 2025

Knowledge Realty Trust and Embassy Office Parks REIT are set to raise a total of around INR 21 billion through bond issuances, reflecting a surge in REIT activity in India. Knowledge Realty Trust will issue bonds maturing in four years, while Embassy Office Parks REIT may opt for five-year or longer notes with put and call options. If completed, December will be the first month when all five listed REITs have accessed the bond market. So far, REITs have raised INR 112.5 billion in 2025, nearly double last year's total.Read more

23 Dec 2025

State Bank of India has announced plans to reassess its construction finance policy for residential housing projects to strengthen lending support while managing risk more effectively. The lender's chairman has said the review will focus on enhancing accountability, transparency and project governance as key criteria for financing decisions. While SBI currently has minimal exposure to construction finance in the residential segment, it is exploring ways to structure and price credit that better reflects project viability and market dynamics.Read more

23 Dec 2025

Bank of India is planning to raise up to INR 100 billion through a 10-year infrastructure bond issue, according to bankers. The state-run lender has invited coupon and commitment bids, with bidding scheduled for December 23. The issue includes a base size of INR 50 billion and a greenshoe option of the same amount. The bonds will carry a AA+ rating from Crisil and Care Ratings, while the coupon will be finalised through bidding. The bank has not officially commented on the proposed issuance.Read more

23 Dec 2025

The Asian Development Bank (ADB) has committed USD 4.3 billion in sovereign lending to India in 2025, targeting skill development, renewable energy, urban infrastructure, healthcare, and ecotourism. About one-third of the funding focuses on human and social development, including USD 846 million for the PM-SETU programme to modernise Industrial Training Institutes. Renewable energy and urban infrastructure receive significant allocations, with USD 650 million for rooftop solar and USD 775 million for urban services in Assam, Kerala, Sikkim, and West Bengal. The funds also support regional rail and metro expansions, state-level healthcare, and technical guidance for policymaking.Read more

23 Dec 2025

The Haryana government has extended its one-time settlement scheme for the recovery of pending External Development Charges (EDC) from real estate developers, while introducing stricter financial conditions. The extended window allows developers additional time to regularise long-outstanding dues, but requires higher upfront payments and imposes increased interest liabilities to discourage delays. Full settlement now mandates payment of the entire principal along with accrued and penal interest, while partial settlement involves a significant upfront component followed by installments carrying interest. The move is aimed at accelerating EDC collections, reducing legacy disputes, and ensuring steady funding for urban infrastructure projects across rapidly growing cities and development corridors in the state.Read more

22 Dec 2025

State Bank of India is on course to achieve a major milestone, with its home loan portfolio expected to cross INR 10 lakh crore in the next financial year, supported by sustained housing demand and a supportive interest rate environment. The country's largest lender recently crossed the INR 9 lakh crore mark, making it the biggest mortgage provider in India. Home loans now account for over one-fifth of SBI's total assets, underlining their central role in the bank's balance sheet. Consistent growth, strong asset quality and stable retail demand continue to drive momentum in this segment.Read more

22 Dec 2025

JM Financial Asset Management Company has expanded its Alternative Investment Fund (AIF) platform with a new real estate fund targeting early-stage ventures. The INR 1,000 crore fund aims to bridge financing gaps in India's property sector, providing debt capital to established developers in metro cities for land acquisition and approval costs. Backed by over a decade of real estate credit experience, the fund has attracted strong interest from institutional investors and HNIs. The company has also filed pre-IPO and performing credit fund applications to further broaden its alternative investment offerings.Read more

22 Dec 2025

UltraTech Cement has received a GST demand notice amounting to INR 782.2 crore for the period between FY19 and FY23, citing alleged short payment of tax and issues related to input tax credit. The company has stated that it is reviewing the order and intends to contest the demand through appropriate legal channels. The notice includes tax liability, interest and penalties, which the company maintains were imposed without due consideration of its submissions.Read more

22 Dec 2025

Indian government bonds weakened at the start of the week as investors reacted to sustained supply pressure, led by higher-than-expected borrowing plans from state governments. The benchmark 10-year yield edged closer to recent highs, reflecting cautious sentiment ahead of quarter-end. States have already raised significant funds this quarter, with more issuance expected. Foreign investor outflows and weak auction demand added to the pressure, even as the Reserve Bank of India provided liquidity support. Markets remain watchful of supply dynamics despite signs of easing inflation.Read more

22 Dec 2025

The Vadodara Municipal Corporation has received a 235 crore grant to accelerate key urban development projects across the city. The funding will be used to upgrade essential civic infrastructure, including roads, drainage networks, sanitation facilities, public spaces, and waste management systems. Officials said the grant will help clear pending backlogs, speed up execution, and support infrastructure needs in both established and emerging areas. City authorities plan to ensure transparent use of funds through strict monitoring of progress and budgets. The investment is expected to improve service delivery, enhance urban liveability, and support Vadodara's growing population, while strengthening the city's readiness for future residential and economic growth.Read more