RBI eases home loan disbursals policy
ECONOMY & POLICY

RBI eases home loan disbursals policy

The Reserve Bank of India (RBI) recently allowed the disbursal of home loans that were sanctioned before October 20, providing a significant regulatory update that benefits borrowers and lenders alike. Navi Finserv, a financial services company, has indicated that this decision will enable smoother processing for loans that were temporarily stalled due to new regulatory changes.

Earlier in October, the RBI implemented revised guidelines for home loan disbursements, impacting the timing and eligibility of fund releases. The new rules initially halted disbursements for several loans awaiting regulatory compliance, affecting financial service providers and potential homeowners who were already approved for loans under prior norms. With the latest RBI directive, financial institutions can now proceed with the disbursal of these pre-sanctioned loans, offering relief to both borrowers eager to access their funds and lenders working to comply with regulatory adjustments.

For Navi Finserv and similar institutions, the RBI’s decision eases operational challenges posed by the recent rule changes, allowing them to support clients without disruptions. This temporary provision helps stabilize the home loan sector, facilitating continued access to financing amid evolving regulatory standards.

The Reserve Bank of India (RBI) recently allowed the disbursal of home loans that were sanctioned before October 20, providing a significant regulatory update that benefits borrowers and lenders alike. Navi Finserv, a financial services company, has indicated that this decision will enable smoother processing for loans that were temporarily stalled due to new regulatory changes.Earlier in October, the RBI implemented revised guidelines for home loan disbursements, impacting the timing and eligibility of fund releases. The new rules initially halted disbursements for several loans awaiting regulatory compliance, affecting financial service providers and potential homeowners who were already approved for loans under prior norms. With the latest RBI directive, financial institutions can now proceed with the disbursal of these pre-sanctioned loans, offering relief to both borrowers eager to access their funds and lenders working to comply with regulatory adjustments.For Navi Finserv and similar institutions, the RBI’s decision eases operational challenges posed by the recent rule changes, allowing them to support clients without disruptions. This temporary provision helps stabilize the home loan sector, facilitating continued access to financing amid evolving regulatory standards.

Next Story
Real Estate

Kerala HC Orders Demolition, Reconstruction of Chanderkunj Army Towers

The Kerala High Court has ordered the demolition and reconstruction of Towers B and C of the Chanderkunj Army Towers at Silver Sand Island, Vyttila, citing severe structural distress. The verdict follows a prolonged legal battle over the poor quality of construction, despite the Army Welfare Housing Organisation (AWHO) arguing for retrofitting instead of demolition. Justice CP Mohammed Nias ruled that the demolition was necessary to prevent casualties and safeguard residents. The court directed the district collector to form a committee comprising an experienced structural engineer, two r..

Next Story
Infrastructure Urban

Nitish Kumar Unveils Rs 13.28 Billion Projects in Bhagalpur

Chief Minister Nitish Kumar inaugurated 146 development projects worth Rs 13.28 billion during his ‘Pragati Yatra’, urging officials to accelerate the region’s progress. The projects span multiple sectors, including 18 smart city initiatives, six schemes for the building department, 32 for rural development, and several others covering road construction, health, and SC/ST welfare. Additionally, Kumar laid the foundation stone for 63 new projects, with 35 dedicated to rural development. During his visit, he launched key initiatives at Bihar Agricultural University in Sabour, inc..

Next Story
Infrastructure Transport

Indian Railways Upgrades 23,000 Track Kilometres for 130 kmph Speed

Indian Railways has upgraded over 23,000 track kilometres (TKM) to support speeds of up to 130 kmph, marking a significant milestone in its modernisation efforts. This initiative enhances connectivity, reduces travel time, and strengthens safety measures through advanced signalling and fencing systems. Key sections of the Golden Quadrilateral and Golden Diagonal networks—critical corridors linking major cities—are now equipped for higher speeds, improving passenger and freight movement. Additionally, 54,337 TKM of tracks have been upgraded for speeds up to 110 kmph, further boosting n..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?