 "SBI, State Bank of India, state bank, bank")
Turning cautious about the two real estate companies facing insolvency proceedings, the State Bank of India, country’s largest lender, has begun review of loans to buy home in unfinished projects by Jaypee Infratech and Amrapali.
SBI also indicated that as a prudent step, it would prefer to extend loans to buy residences in finished projects.
Rajnish Kumar, Managing Director (National Banking Group) SBI said they are assessing the number of home buyers who have been affected by the beleaguered projects in Jaypee Infratech and Amrapali.
At present people are paying equated monthly installments (EMIs) and “We are collating the
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