Date:23/07/2004 URL: http://www.thehindu.com/2004/07/23/stories/2004072304961502.htm

Business - Briefly

Housing as priority sector advances

MUMBAI, JULY 22. The Reserve Bank of India today said banks can classify investments in mortgage backed securities (MBS) under housing loans as priority sector advances subject to certain conditions.

The pooled assets of direct housing loans should satisfy the definition for inclusion under the priority sector, the RBI said in a notification here

PTI