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State Bank of India has announces RBBG scheme

Sumit Arora Last updated on January 9th, 2020 10:26 am Leave a comment

The State Bank of India has announced ‘residential builder finance with buyer guarantee’ (RBBG) scheme. The aim of the scheme is to giving a push to residential sales and improve homebuyers’ confidence. The SBI will issue a guarantee for completion of select residential projects to customers who have availed home loans from it.

The scheme will focus on affordable housing projects priced up to 2.50 crore rupees in 10 cities initially. Under this scheme, the guarantee would be given by the bank until the project gets the occupation certificate (OC).

Important takeaways for all competitive exams:

Chairperson of SBI: Rajnish Kumar; Headquarters: Mumbai; Founded: 1 July 1955.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.