This is really a big news for all the movie makers in Tollywood. As the private interest rates are very high, and also considering the problems that are being faced by the financiers, this news should definitely make all the producers happy.
Government banks have now signaled that they are ready to invest heavily in films and film productions, unlike before.Government banks generally tend to have a slightly lower rate of interest and this new willingness should be very good news for Film Producers who want peace of mind that does not come from private lenders and other institutions.
Indian Overseas Bank is said to be the most aggressive now among the government sector banks when it comes to film finance. Other banks are also now keenly looking to make a good profit out of star hero projects.