The
following changes have been made in the housing finance regulations
:-
1. Commercial banks are permitted to advance
loans fro housing projects like other industrial and commercial
projects.
2. Banks are allowed to provide mortgage loans
keeping in view the requirement of prudence in lending and
they can also float long terms bonds at market rates.
3. The State Bank is also in the process of
opening a refinance window for long-term funds from multilateral
agencies.
Please
acknowledge receipt.
|