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Construction : Web Exclusive | September 2013 | Source : Construction Update

No SBI loans to road projects with land issues

Proposed road projects that have not finished the acquisition of the required land for the purpose will not get loans from State Bank of India (SBI). The decision has been taken by SBI on the requisition of Central Bureau of Investigation and Chief Vigilance Commission. SBI is India’s biggest moneylender. Media reports say that SBI's decision was made to make its norms tighter. SBI finances a fifth of the advances, arousing fears that its most recent move could hold up base ventures that are reeling under intense subsidising demands.
 
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