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Banks to give loan guarantees for 10 years

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As per to the source saying @ the www.propertykhazana.com, “Now banks can give loan assurances for over 9-10 years.” Before, the RBI permitted banks to assure shorter maturities for below 10 years, then development fiscal institutions can assurance loans for over 9-10 years. RBI officer said to www.propertykhazana.com that, “In outlook of the altered set-up of the banking industry, banks enlarged long-term loans for spans longer than 10 years for different ventures and it has decided to permit banks to issue assurances for more than 10 years.”
But the central bank advised that banks should take into account the effect of very long duration assurances on their property responsibility management and a policy for these assurances should be taken with the permission of the banks board of directors. For more updates on realty market browse www.propertykhazana.com.
Source: NBTVLIVE

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