.......“Such housing loan products are likely to expose the banks as well as their home loan borrowers to additional risks,” an RBI notification said. Since the loan is in the name of the buyer of the house, any delayed payment of interest by the builder harms the credit score of the buyer instead of the developer, RBI said. These schemes have been popular in recent times as the liquidity-strapped developers use it for propelling sales..........
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment