BANKING & FINANCE

EC GC MEETINGon

May 2-3 @ Bengaluru

Banking Real Estate Issues ● Restructuring of construction funding to be

allowed.● Delay of projects cannot be a reason for NPA’s

in Real Estate, COD● Prepayment penalty to be waived.● Loan against property ● Developers / Project Funding (part Land cost )● Reduction of interest rates and Readjustment

of old loans of Developers.● Risk weight age on loans to be reduced.● Recommend the Government to decrease the

risk rate of loans in our Industry with NPA comparison with other Industries

Finance – FDI – Issues● NBFC , cash flow discounting ● Pvt Equity, NCD ● FDI – issues related to repayments.● ECB Low Cost Housing Projects –

Simplification, NHB – Automatic route as Infra.

Action Plan● Agitate issues with RBI & Banking sector,

Minister of Finance.● Banking Conclave – Half day – Mumbai.

Deputy Governor RBI, Chairman’s of Bank.● Push Real Estate at par with Urban

Infrastructure status at Minister of Finance in next budget.

● Meetings with RBI, UD / Finance Minister & Banking Sector to push our points.

Other National Issues● ENVIRONMENTAL CLEARANCE

● REGULATOR ACT

● EASE OF DOING BUSINESS

Thank YouMAYUR SHAH

CREDAI Banking & Finance Comittee