The
BANKERS
Mr. Omprakash Rathi
General Manager
The Akola Urban Cooperative Bank Ltd., (A Scheduled Bank)
Every Banker detests to invite Builders and Developers and even RBI considers them to be underrated and there are specific regulations regarding funding to Builders. When Rachana approached us over a decade back, we were hesitant to fund them, considering the low profile of their financials as it was their beginning. However, the proposal was presented in such nice manner and the discussions had with Mr. Shishir Diote expressed his determination and expression of transparency. We started off with a small funding and today they are one of our leading accounts with clear and transparent transaction.
Mr. Anirudh Kanetkar
Centre Head
IDBI Bank Ltd.,
Our Bank is doing business with Rachana since over three years now and we have found them to be very clean in their transactions. While the Real Estate industry is known for its poor Banking and irregular transactions with NPA accounts in large numbers, Rachana bemuses us as they always try and keep credit balance in their account, hardly utilizing the limit availed. Limits are utilized only for necessities. Though the Bank earns less by way of interest, Rachana maintains a healthy turnover of transactions.
HOUSING FINANCE ASSOCIATES
Mr. Rajiv Mittal
HDFC Ltd.
HDFC is associated with Rachana since their entering into business. Their Master Files are so clear and without any violations that we have never had any problems with their over 23 schemes within a decade at Nagpur. In fact Rachana is such a name in Nagpur that their canvassing is done by their existing clients by word of mouth.
Mrs. Annapoorna
Law Officer, State Bank of India
At state Bank we seek perfection of title and sanctions as per prevailing rules and regulations. Approving Master Files of projects from Rachana has never posed any problem because they provide all documents to perfection at one stroke and all our queries are answered to our satisfaction with due authentication.
General Manager
The Akola Urban Cooperative Bank Ltd., (A Scheduled Bank)
Every Banker detests to invite Builders and Developers and even RBI considers them to be underrated and there are specific regulations regarding funding to Builders. When Rachana approached us over a decade back, we were hesitant to fund them, considering the low profile of their financials as it was their beginning. However, the proposal was presented in such nice manner and the discussions had with Mr. Shishir Diote expressed his determination and expression of transparency. We started off with a small funding and today they are one of our leading accounts with clear and transparent transaction.
Mr. Anirudh Kanetkar
Centre Head
IDBI Bank Ltd.,
Our Bank is doing business with Rachana since over three years now and we have found them to be very clean in their transactions. While the Real Estate industry is known for its poor Banking and irregular transactions with NPA accounts in large numbers, Rachana bemuses us as they always try and keep credit balance in their account, hardly utilizing the limit availed. Limits are utilized only for necessities. Though the Bank earns less by way of interest, Rachana maintains a healthy turnover of transactions.
HOUSING FINANCE ASSOCIATES
Mr. Rajiv Mittal
HDFC Ltd.
HDFC is associated with Rachana since their entering into business. Their Master Files are so clear and without any violations that we have never had any problems with their over 23 schemes within a decade at Nagpur. In fact Rachana is such a name in Nagpur that their canvassing is done by their existing clients by word of mouth.
Mrs. Annapoorna
Law Officer, State Bank of India
At state Bank we seek perfection of title and sanctions as per prevailing rules and regulations. Approving Master Files of projects from Rachana has never posed any problem because they provide all documents to perfection at one stroke and all our queries are answered to our satisfaction with due authentication.
