In the latest development the Reserve Bank of India's (RBI) draft guidelines, on the classification of commercial real estate exposure of banks, may provide some relief on loans provided for the acquisition of unites in Special Economic Zones (SEZs). The RBI revised its norms on real estate exposure where it included loans extended against the security of future rent receivables from commercial real estate exposure .
Loans extended by banks to hotels and hospitals my no longer be treated as commercial real exposure.
Friday, January 23, 2009
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