Construction

Housing Loan Products from Banks carrying risks :: RBI advises caution

RBI/2013-14/320 RPCD.CO.RCB.BC.No.43/07.51.013/2013-14 October 8, 2013 The Chairman All State and Central Co-operative Banks (StCBs and CCBs) Dear Sir, Housing Sector: Innovative Housing Loan Products Upfront disbursal of housing loans It has been observed that some banks have introduced certain innovative Housing Loan Schemes in association with developers/builders, e.g. upfront disbursal of sanctioned individual housing loans… Read More

Tags: BankConstructionIndividualLoanLump sumMortgage loanPublic housingUpfront

RBI warns UCBs against High Risk Innovative Housing Loan Products

RBI/2013-14/268 UBD CO BPD (PCB) Cir. No.17/09.22.010/2013-14 September 17, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir / Madam, Housing Sector: Innovative Housing Loan Products - Upfront Disbursal of Housing Loans Primary (Urban) Co-operative Bank It has been observed that some banks have introduced certain innovative Housing Loan Schemes in association with… Read More

Tags: BankCICsConstructionEMILoanMortgage loanPublic housingSchemes

RBI Circular w.r.t. Housing Sector: Innovative Housing Loan Products

RBI/2013-14/247 RPCD.RRB. BC. No. 29 /03.05.33/2013-14 September 11, 2013 All RRBs Dear Sir, Housing Sector: Innovative Housing Loan Products Upfront disbursal of housing loans It has been observed that some banks have introduced certain innovative Housing Loan Schemes in association with developers/builders, e.g. upfront disbursal of sanctioned individual housing loans to the builders without linking the… Read More

Tags: ConstructionIndividualLoanLump sumMortgage loanPublic housingRiskUpfront

RBI observation on Innovative Housing Loan Products – Advises banks on risks

RBI/2013-14/217 DBOD.BP.BC.No. 51/08.12.015/2013-14 September 3, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Housing Sector: Innovative Housing Loan Products Upfront disbursal of housing loans It has been observed that some banks have introduced certain innovative Housing Loan Schemes in association with developers/builders, e.g. upfront disbursal of sanctioned individual housing loans to the builders without… Read More

Tags: BankConstructionLoanLump sumMortgage loanPublic housingRajesh VermaUpfront

Fifth Revision of Specification for Road and Bridge Works

DR. CP Joshi Releases Fifth Revision of Specification for Road and Bridge Works ; The Document to Provide Best International Practices For Indian Conditions. Dr.C P Joshi, the Union Minister for Road Transport & Highways with additional charge of Ministry of Railways released here last evening the Fifth Revision of the Ministry of Road Transport &… Read More

Tags: ConstructionHighway Trust FundMinistry of RailwaysNational Transportation Safety BoardSpecificationStone Mastic Asphalt

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