|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
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.