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The liquidity crisis that is roiling non-banking finance companies (NBFCs) has hit the one part of Anil Ambani’s debt-strapped business empire that was going strong – its financial services business..
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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.
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NBFC crisis to pull down home loan growth first time in three years: report. issues with the non-banking lenders slowed down credit growth of dedicated housing finance cos in FY19. 16 Jun, 2019, 02.32PM IST
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In his 12 years in. has backed Home Capital, which dwells in home loans. Or Sureclaim, a startup that helps consumers file insurance claims. However, despite an eclectic mix in its portfolio,
April 15, 2010 SBI’s special home loan scheme Under the earlier scheme, borrowers were charged fixed interest rate of 8.5 per cent for Year 2 and Year 3 for loan amount less than Rs 50 lakh (Rs 5 million) and a rate of 9 per cent for first three years for loan amount of greater than Rs 50 lakh.
Given the tough operating environment, we expect housing credit growth in FY20 to be in the range of 13-15 per cent which is lower than the last three years when it clipped past 17 per cent, it said in anote. The overall industry loan growth for housing finance companies had slowed down to 15 per cent for FY18.
Govt considering giving more powers to RBI to regulate NBFCs, says Nirmala Sitharaman.. NBFC crisis to pull down home loan growth first time in three years: Report. ratings agency ICRA said.