Monday, September 24, 2012

Banks want NPA norms to be relaxed for housing project loans

......To add to the woes of real estate developers, Reserve Bank of India guidelines does not allow banks to take out that exposure from the NBFC if the project has not been commenced. Now, bankers have requested the finance ministry to take up the matter with the banking regulator so that favourable polices could be framed to boost bank loans to real estate projects.......

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