Finance, Forex and Investments

Why Reserve Bank of India announce to pass only 80% home loan?

Today I hear the news that Reserve Bank of India announce that from now on only 80% home loan will be accepted and rest of money, buyer will have to pay in cash. I just want to know why?

Public Comments

1. Heard the news from where? News channel or friend/relative or bank official? Please do not believe in hearsay. Do a google news search on the topic and then ask for further information or discussion.
2. if it is true, it is good. It will curb speculation in the market. This should have been done a lot earlier. Better late than never. Now people will not be able to use bank money easily for investing in property speculative transactions.