REAL ESTATE AND BANKING - BRIBE IS BOUND TO POKE IN ITS NOSE

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The relationship between real estate and baking is close and known since years. One word that may or may not link both is “corruption” and so comes the news of 8 bank officials getting arrested for taking bribe in exchange of making large corporate loans. However the borrowers haven’t been caught but the officials have. . The bank officials were, the CBI alleges, being paid by a go-between that arranged the loans, the case included 3 state owned banks. Bribery is not a new buzz in the real estate each one in some or the other way bribes someone to get work done faster, some unfortunate get caught and many smart ones lie being incognito. Today banks lending has been stagnated as regards property sales. India's banks have more than $22 billion in loans outstanding to real-estate companies, up 46% in just two years. Being in such situation banks are providing help in one or the other way, one way being offering bedrock interest rates for the mortgages. The overall impact of such event is seen on the stocks too. Thus one such incident lowering down the business and its growth.

 
real-estate-finance1.jpg


The relationship between real estate and baking is close and known since years. One word that may or may not link both is “corruption” and so comes the news of 8 bank officials getting arrested for taking bribe in exchange of making large corporate loans. However the borrowers haven’t been caught but the officials have. . The bank officials were, the CBI alleges, being paid by a go-between that arranged the loans, the case included 3 state owned banks. Bribery is not a new buzz in the real estate each one in some or the other way bribes someone to get work done faster, some unfortunate get caught and many smart ones lie being incognito. Today banks lending has been stagnated as regards property sales. India's banks have more than $22 billion in loans outstanding to real-estate companies, up 46% in just two years. Being in such situation banks are providing help in one or the other way, one way being offering bedrock interest rates for the mortgages. The overall impact of such event is seen on the stocks too. Thus one such incident lowering down the business and its growth.
The writer's distinctive writing style shines through, making this piece a pleasure to read. Its expertly chosen structure guides you seamlessly from one point to the next, while the exceptional clarity ensures every idea is not just presented, but truly understood.
 
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