Chennai, June 30 (IANS) A special Central Bureau of Investigation (CBI) court in Chennai sentenced a former senior bank official, and a private company chief to seven years of rigorous imprisonment in a bank fraud case involving the fraudulent sanction and disbursement of housing loans that caused a loss of more than Rs 5.29 crore to, a public sector bank, Central Bank of India, the agency said on Tuesday.The court also slapped a fine on the private firm in connection with the case.The court on …
Latest Housing Loans News & Updates
Mumbai, Feb 10 (IANS) The Reserve Bank of India has decided to raise the aggregate ceiling for unsecured loans given by urban co-operative banks to 20 per cent of total advances, from the existing limit of 10 per cent of total assets in the revised draft norms released on Tuesday. The limits for individual unsecured advances within the aggregate ceiling of unsecured advances have been fixed at Rs 5 lakh for Tier 1, Rs 7.5 lakh for Tier 2, and Rs 10 lakh for Tier 3 and Tier 4 urban co-operative b…
Gandhinagar, Jan 23 (IANS) Gujarat Chief Minister Bhupendra Patel, on Friday, announced a significant relief measure for beneficiaries of rural housing schemes run by the Gujarat Rural Housing Board, granting a one-time waiver of penal interest to thousands of families across rural areas of the state. The decision aims to ease the financial burden on beneficiaries who are willing to repay the remaining principal amount of their housing loans but have struggled to pay the penal interest levied on…