NEWS & ADVICE : CAR LOANS
SBI will not give loans to road projects with land acquisition problems
By Joseph Samson
Sep 26, 2013
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State Bank of India has come to a decision of not providing finance to road projects which have not finished the acquisition of the land for the stretch that has been proposed. This move was made with a vision to make banks make their norms tighter which has been urged by the Central Bureau of Investigation and Chief Vigilance Commission due to bad loans.

SBI is India’s biggest moneylender, finances a fifth of the advances, arousing fears that its most recent move could hold up base ventures that are reeling under intense subsidizing demands. Financiers have been blaming the Indian legislature, by stating undue defers in giving clearances have accelerated the ascent in loans which are bad "Is it the failure of the banks' in regards to screening or is it the legislature's that it has not conveyed what it guaranteed," said an investor, who did not wish to be named.


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