Karnataka Bank States, Government’s “Any Where Registration” Is A Fake Prone: Karnataka bank ltd has a concern that government’s “Any Where Registration” system can make a path to submission of fake property certificate. It may cause credit risk and loan risk for an immovable assets .As per this system land holders can register their properly in any sub-register office that are in concern district
A private lender in Mangaluru has wrote letters to the government by means of State Level Bankers’ Committee (SLBC), the letter states that the property that are registered under any where registration scheme probably fails to give is valuable information.
Credit risk may increase when bank lends with the sub-registered certificate under any where registration system. Any where registration system is available only in Bangalore city since 2011. karnataka government planning to extend this system to all over the state.
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