 "construction, realty sector, flats, NCLT, IBC, Housing")
Shares of real estate companies rallied up to 20 per cent on the BSE on Friday after the Reserve Bank of India (RBI) announced various liquidity measures for banks and non-banking finance companies (NBFCs).
In terms of the extant guidelines for banks, the date for commencement for commercial operations (DCCO) in respect of loans to commercial real estate projects delayed for reasons beyond the control of promoters can be extended by an additional one year, over and above the one-year extension permitted in normal course, without treating the same as restructuring.
The RBI said that loans given by
In terms of the extant guidelines for banks, the date for commencement for commercial operations (DCCO) in respect of loans to commercial real estate projects delayed for reasons beyond the control of promoters can be extended by an additional one year, over and above the one-year extension permitted in normal course, without treating the same as restructuring.
The RBI said that loans given by
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