HomeNewsBusinessEconomySBI announces special 35 basis points discount rate for construction finance

SBI announces special 35 basis points discount rate for construction finance

At a time when the government is pushing hard to meet its mission of housing for all by 2022, India's largest bank has announced a special discount rate of 35 basis points for construction finance.

April 24, 2017 / 22:26 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

At a time when the government is pushing hard to meet its mission of housing for all by 2022, India's largest bank has announced a special discount rate of 35 basis points for construction finance. However, this discount from SBI is specifically for developers who are members of CREDAI, and building new affordable housing projects, reports CNBC-TV18's Stacy Periera and Ritu Singh.

Watch video for more….

Story continues below Advertisement
first published: Apr 24, 2017 09:53 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!