SBI restricts infra lending to reputed builders only
By Joseph Samson
Jan 11, 2011
Print    Email    RSS   

Increasing provisions on commercial real estate lending coupled with rising cost of construction material has cautioned the largest lender of the country, State Bank of India making it selective while lending to builders.

The bank has decided to restrict its exposure in this arena to only reputed buikders, said Mr J. Chandrasekaran, Chief General Manager, SBI while inaugurating a property fair in Chennai.

Talking about rising interest rates on home loans, he said there is an expectation for overall pressure piling up regarding housing demand and increased interest rates may deter it.

"We expect to disburse about Rs 2,400 crore of home loans by end of the current financial year," he said.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

The Home Loan Rate Pendulum
Prepayment on loans: 'To do or not to do'
Refinancing your home loan: is it a...
Manage your loans, avoid recovery agents
Repaying multiple loans – Which one...

PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive