SBI Launches Residential Builder Finance with Buyer Guarantee (RBBG) Scheme to Safeguard Homebuyers

SBI launches Residential Builder Finance with Buyer Guarantee (RBBG) scheme to safeguard homebuyers if builder delays project.

 

MONEY

SBI launches scheme to safeguard homebuyers if builder delays project.

Buy Home Without Fear: The State Bank of India (SBI) has launched a scheme to safeguard home buyers if a builder delays project. Under the Residential Builder Finance with Buyer Guarantee (RBBG), SBI guarantees the refund of the principal amount if a builder fails to complete the project within the stipulated time.

 

The scheme is applicable for apartment projects, wherein the SBI is the sole lender. RBBG will focus on affordable housing segment with home prices of up to ?2.50cr in seven cities initially. Hindu BusinessLine

 

Net inflows in mutual funds continue remain subdued in December.

Mixed Bag: Net inflows in equity funds remained rather subdued in December at ?4,499cr ($628m).

 

Meanwhile, retail investors were seemingly bullish on SIP plans which saw record high inflows at ?8,518cr ($1,189m). Financial Express

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