MUMBAI (Reuters) - The Reserve Bank of India lowered the risk weight on a new sub-category of commercial real estate for residential housing to 75 percent from 100 percent earlier, it said in a notification on Friday.
The central bank carved out a new sub-sector -- commercial real estate-residential housing for loans to builders and developers of residential housing projects.
It also brought down the standard asset provisioning for the new residential housing segment to 0.75 percent from 1 percent.
In addition, the central bank also eased the prudential rules on risk-weight, provisioning for individual housing loans, for both residential and commercial real estate.
(Reporting by Suvashree Dey Choudhury; Editing by Prateek Chatterjee)
