...Again, the government’s stand is diametrically opposite to that of the RBI. The banking regulator has time and again warned lenders against their exposure to the real estate sector. In 2009, the RBI had increased banks’ provisioning for standard assets to 1 percent from 0.4 percent after house prices crashed in 2008 and builders found it difficult to repay loans. The central bank’s move was aimed at mitigating any asset quality risks for banks. Recently, a media report said the RBI has asked banks not to restructure real estate loans and push for recoveries instead.......
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