Tag: Norms

RBI Tighten Ropes On Real Estate

sIn a recent development the Reserve Bank of India along with the Department of Industrial Policy and Promotion are working to streamline and regulate the access and use of Real Estate Firms regarding the External Commercial Borrowings (ECBs). This will be done through a monitoring mechanism which will ensure stricter norms from now on. RBI […]

Banks want RBI to ease realty NPA norms

In a bid to avoid classifying advances to troubled real estate companies as bad loans, banks have urged RBI to put in place a uniform norm for restructuring debt to realty companies. As of now, the moment a loan extended to real estate, capital market or personal loan segment is restructured; the lender has to […]