The Reserve Bank’s direction to increase provision for commercial real estate property might force them to increase interest rates on realty loans in the coming months. These loans consist of lending to builders for construction of commercial properties like offices, malls, entertainment zones and hotels, reports Rupee Times.
An official from Union Bank said, "Banks were [...]
Posts Tagged ‘Loan’
Banks may increase interest rates on real estate loans
November 3rd, 2009
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