RBI relaxes provisional norms to attract loan seekers
Delhi- NCR : Finance Ministry has asked Reserve Bank of India (RBI) to relax the provisional norms depending on the infrastructure of the buildings.
This will help the banks to lend attractive home loans to the buyers. The rule is that all the banks have to keep aside an amount equal to the one percent of the total loan/standard assets given to the commercial real estate, which also includes residential sectors.
For e.g. if bank lends Rs 1000 to a commercial real estate project, the bank will keep aside one percent of that amount. This amount will be the back up finance plan for the real estate sector in its bad time.
Government has made sure that RBI should look at all the possible options to provide an impetus to the housing sector.
Co-op societies striclty asked not to sale land without permission by HC
Bank loan, bank of india loans, Commercial properties, commercial properties in gurgaon, Commercial Property, commercial property gurgaon, Commercial real estate, HNIs betting money on commercial properties, Indian real estate, property tax, RBI, rbi india, real estate in, Real estate in India, Realty News
