NTH :: Reserve Bank of India eases rules for low-cost home loans


Reuters | Nov 27, 2014, 01.53PM IST | Economic Times
NTH
MUMBAI: The Reserve Bank of India has eased norms to fund low-cost housing by permitting banks to extend loans against long-term infrastructure bonds.

The Reserve Bank of India however barred lenders from providing loans against long-term infrastructure bonds issued by other banks.

“Further, such loans should be subject to a ceiling, say, Rs 10 lakh per borrower, and tenure of loan should be within the maturity period of the bonds,” RBI said in a circular.

In July, the RBI had allowed long-term bonds raised by banks for infrastructure lending to be exempted from mandatory reserve requirements.

Source : http://goo.gl/Z78vBc

Leave a Comment / Feedback / Say a good word!

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s