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Developers, housing finance companies are allowed to raise $1 bn ECB: RBI

Developers, housing finance companies are allowed to raise $1 bn ECB: RBI
Real estate developers and housing finance companies are allowed by the Reserve Bank of India ( RBI) to raise funds up to $1 billion through external commercial borrowings (ECBs) in order to promote low-cost housing projects. RBI said that the funds raised through ECBs should be used either for developing low cost housing projects or [...] Continue Reading »



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