Teaser mortgage loans withdrawn from India property market
Mortgage loans that offered low initial repayments to encourage first time buyers to buy property in India have been withdrawn by the countryââ¬â¢s largest commercial bank amid fears that the loans will result in a repeat of the US ââ¬Ësub-primeââ¬â¢ crisis. The State Bank of India (SBI) has been forced to withdraw these so-called ââ¬Ëteaserââ¬â¢ […]
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