Guidelines For Home Loans Soon
RUN-UP TO THE CREDIT POLICY
Move aimed at regulating unbridled growth in home loans
The Reserve Bank of India (RBI) is likely to outline detailed guidelines on documentation for home loans and as well as margin requirements in the forthcoming credit policy next week.
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The move aims at regulating the unbridled growth in home loans. The central bank feels that in their over-aggressiveness in building home loan portfolios some banks may end up burning fingers.