:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

HOME LOANS TO BE LINKED TO PROGRESS OF PROJECT

As a number of developers have either stopped construction midway or slowed down due to shortage of funds and poor sales in 2008 and the first half of 2009, Home Loan providers are now insisting on construction-linked disbursal of funds to new projects. Lending Institutions expect the move to help them monitor the progress of construction and make developers accountable.

HDFC, one of the largest lenders in the home loan segment, has discontinued the practice of up front disbursals and linked the flow of funds to progress of construction.

Source: http://economictimes.indiatimes.com/personal-finance/loan-centre/home-loans/home-loans-news/Home-loans-to-be-linked-to-progress-of-project/articleshow/5386381.cms

Posted by C.B.O.A., A.P.

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