News articles tagged Bank of India

Banks cut down lending to commercial sector

In 2009-10, banks showed mixed responses to lending in real estate, with ICICI reducing lending while others increased, impacting residential and commercial sectors differently.

RBI Restricts UCB's

RBI restricts Urban Co-operative Banks' real estate exposure to 15% of total deposits, impacting commercial and housing loans.

The RBI's Realty Indices For Ahmedabad

The Reserve Bank of India plans to create indices for commercial and residential properties in Ahmedabad to manage speculation and realty bubble risks.

SBI May Give Reason to Cheer

SBI may extend its 8% home loan scheme beyond March 31, offering relief to borrowers. Despite RBI concerns, SBI believes the scheme supports economic growth and key sectors.

RBI makes recast of realty loans tougher

RBI's stricter loan restructuring norms for real estate developers are pressuring builders to reduce property prices or face funding shortages. This move aims to address rising NPAs and revive the struggling real estate sector.

Loans to get cheaper as SBI cuts rate again.

SBI has reduced home loan rates, prompting other public sector banks to follow suit, making borrowing more affordable for individuals and businesses.