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India: RBI unlikely to permit roll-over of realty loans

Posted on 01 December 2010

From Hindustantimes.com: The cash-starved real estate sector could well find the going tougher. Smarting under the allegations of bribery against some its executives for granting loans to realty firms, banks are contemplating whether to bar roll-over of the loans of these firms.
The roll-over scheme allows companies to reset their loan amounts with a new repayment schedule and a lower interest rates during the initial stage.An official source said no final decision has been taken on the issue as yet……………………………………….Full Article: Source


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