lending norms
The Reserve Bank of India (RBI) has dropped the threshold for partial take-out financing by new lenders to a minimum of 25 % of the outstanding loan from 50 % now. The guidelines for refinancing the project loans were eased to quite an extent and the RBI declared that the reworked loan will not be considered [...] Continue Reading »
The government is all set to bring in a package to boost real estate activity by easing lending and provisioning norms for banks. The finance ministry is set to work out a strategy to boost the sector as developers expressed their inability to cut prices to increase demand. The ministry has been in talks with [...] Continue Reading »
