Housing finance companies to see slower credit growth in FY21: Report
MUMBAI: Housing finance companies are likely to see a slower credit growth of 9-12 per cent in the current financial year as their disbursement may be impacted by the COVID-19 related disruptions, says a report. The gross non-performing assets of mortgage financiers may also increase to 1.8-2 per cent by March 2021, rating agency Icra […]
RBI plans to structure loan rates of NBFCs, housing finance companies
NEW DELHI: After mandating banks to link their new retail loans to an external benchmark, the Reserve Bank of India (RBI) is now looking at structuring the interest rate regime for housing finance companies and shadow bankers, which together control over a fifth of the credit market, for better transmission, according to a source. Unlike […]
NHB infuses Rs 10,000 crore in housing finance companies
NEW DELHI: The National Housing Bank (NHB) is infusing an additional Rs 10,000 crore in NBFCs from Friday with a view to improve flow of funds for housing loans, said a finance ministry statement. “To further ease flow of funds to the housing sector, the NHB is making available from today, a liquidity infusion facility […]