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The fresh new limited method of getting financial money for casing contributed to the fresh development off a keen RBI functioning class in may 1976. Went from the Remote controlled Shah, the then chairman off Financial regarding Baroda, the working category within the post on 25 January 1978 located your wedding out-of industrial financial institutions in housing money try generally using its financing during the securities and debentures of your Property and you may Urban Advancement Business Limited (HUDCO), the official Property Boards, and you may finance to their teams. (more…)