03.11.2011 - India: Banks get tougher with realty firms
Commercial banks are getting tougher with real estate developers, asking for supporting documents in advance and increasing scrutiny while sanctioning loans to safeguard risks in such loans. The Reserve Bank of India, the banking regulator, has been voicing its concerns about spiralling property prices and advising banks to go slow on loans to commercial real estate. It has also increased risk weightage on loans to property developers in the past to make such loans expensive...............................................Full Article: Source
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