IBA
A person familiar with the plan told that there is a possibility that banks will be ordered to scrap penalty on pre-payment of all retail and small corporate loans and do away with fines for failure to maintain minimum balance if the recent ‘nudge’ does not work by the Reserve Bank. Since the entire system [...] Continue Reading »
Being developed in association by mortgage regulator National Housing Bank and Indian Banks’ Association Greenfield housing projects will soon come under a new rating system. The whole idea of rating intended to encourage lenders to give loans at discounted rates to individuals buying units in projects rated highly by NHB-IBA. It will in turn encourage [...] Continue Reading »
In the ongoing series of discussions to provide relief to real estate sector, developers have asked for relaxation of funding norms. Deliberation between Indian Bankers Association (IBA) and Confederation of Real Estate Developers Association of India (CREDAI) saw developers called for the easing of financing norms to ease the cash crunch of the developers. The [...] Continue Reading »
