RBI come heavily on Banks for Housing Finance malpractices

rbiBy Accommodation Times News Services

RBI after being angry on banks and financial institutions as to not passing advantage of lower Repo Rates, now wants to enhance the affordability of home buyers by deducting cost of stamp duty and registration charges from the main cost of the flat and enhancing Loan to Value hence increasing the percentage of loan on main cost.

 

RBI/2014-15/491
DBR.BP.BC.No.74/08.12.015/2014-15

March 5, 2015

All Scheduled Commercial Banks
(excluding RRBs)





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