The initiative by ICICI Bank offers builders instant generation of account numbers for registration with the Real Estate Regulatory Authority (RERA), better statutory payments efficiently and also enables them to manage payment obligations to vendors, employees and utility providers.
source https://economictimes.indiatimes.com/industry/banking/finance/banking/private-lender-icici-bank-to-bet-big-on-real-estate-sector/articleshow/95929988.cms
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