Home buyers will now know if the land on which their building stands is free of outside claims after a recent RBI circular mandating builders mortgaging the land to raise money to disclose it in all advertisements and brochures. RBI has asked lenders to ensure that all publicity material relat...
RBI with an intent to Streamlining flow of credit to Micro and Small Enterprises (MSEs) for facilitating timely and adequate credit flow during their ‘Life Cycle’ has advised the Banks to put in place Board approved policy on lending to MSEs, adopting an appropriate system of timely and adeq...
3. New ₹100 commemorative coin will be released by the government for the 100th episode of Mann Ki Baat. The coin will be in the denomination of ₹100. It will be circular, with a diameter of 44 millimetres and 200 serrations. Its weight will be 35-gram. Coin’s metal composition...
The partnership is in line with SBI’s commitment to increase credit to small home buyers in India. In November 2020, RBI had issued circular to scheduled commercial banks on Co-Lending Model (CLM). The circular was issued with the goal of leveraging banks' and NBFCs' comparative advantages ...
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