The Reserve Bank of India (RBI) has kicked off an exercise to gauge the extent of bad loans of banks in the real estate segment. Ever since RBI started tightening rates from end-2004 which forced banks to raise home loan rates, there have been reports of rising defaults.
Some of the top local banks have reported a rise in the number of bad loans in the realty segment as higher monthly repayment schedules started biting many borrowers.
Read More
Saturday, September 22, 2007
RBI wants a fix on bad loans in realty
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment