SBI announced RBBG Scheme

Published on January 09, 2020
Current context: State Bank of India has announced 'residential builder finance with buyer guarantee' (RBBG) scheme on 8th January 2020.
SBI announced RBBG Scheme 
  • The 'residential builder finance with buyer guarantee' (RBBG) scheme aims at giving a push to residential sales and improve homebuyers' confidence.
  • Under the scheme, 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.
  • The guarantee would be given by the bank till the project gets the occupation certificate (OC).
  • The guarantee will be available for RERA registered projects.

Question: 

Q.1 Which bank has announced the 'residential builder finance with buyer guarantee' (RBBG) scheme recently?
a. State Bank of India
b. Bank of India
c. HDFC
d. ICICI

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ramandeep singh

My name is Ramandeep Singh. I authored the Quantitative Aptitude Made Easy book. I have been providing online courses and free study material for RBI Grade B, NABARD Grade A, SEBI Grade A and Specialist Officer exams since 2013.

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