The double dhamaka of 20 % cheaper fuel and 5 per cent appreciation in rupee changes the macro variable of current account deficit. In absolute terms this could mean a 5 billion dollar gain. That’s Rs 35,000 crore in rupee terms.
Good business in bad loans. This is the only answer I got after searching, researching and interviewing bankers and asset reconstruction professionals.
Home buyers now have the status of a lender. If the builder fails to deliver the flat, they can drag them to insolvency court.