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NHB, ministry devise plan to protect bank loans to housing projects

NHB, ministry devise plan to protect bank loans to housing projects

Reports suggest that National Housing Bank (NHB) and finance ministry are devising a plan to prevent loans given by banks for projects which are stalled from turning worthless assets. According to the plan, the ministry wants public sector banks (PSBs) to transfer such projects to ARCs against securitisation (against future cash flows of the projects) and l

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