Housing finance growth is set to slow down to 13-15 per cent this fiscal, lower than the average of the past three years, due to the lingering liquidity issues faced by non-banking lenders, warns.
Mumbai: Housing finance growth is set to slow down to 13-15 percent this fiscal, lower than the average of the past three years, due to the lingering liquidity issues faced by non-banking lenders, warns a report. There can also be an adverse impact on the outstanding housing credit, which stood at Rs 19.1 lakh crore [.]
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NBFC crisis to pull down home loan growth first time in three years: report description: housing finance companies would require Rs 4-4.5 lakh crore in FY20 to meet the growth requirement of 10-14 percent,it said,adding companies will have to resort to securitisation.
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With no reserves at home, three Indian PSUs – Hindustan Copper, Nalco, and MECL – have formed a joint venture to scout for lithium assets abroad. Since past experiences of mining in foreign lands have been painful, a lot will depend on how they carry out their resource diplomacy in the world’s lithium triangle of Argentina, Bolivia, and.
NBFC crisis to pull down home loan growth first time in three years, says report The Financial Express. Given the tough operating environment, we expect housing credit growth in FY20 to be in the range of 13-15 percentwhich is lower than the last three years.