Government wants RBI to help boost credit
India’s central government  wants the Reserve Bank of India’s help in increasing credit to the commercial real estate sector. The current liquidity crunch among Non-Banking Financial Companies (NBFCs) has hurt the real estate sector as developers have relied on them…

India’s central government  wants the Reserve Bank of India’s help in increasing credit to the commercial real estate sector.

The current liquidity crunch among Non-Banking Financial Companies (NBFCs) has hurt the real estate sector as developers have relied on them for credit in recent years as commercial banks have imposed curbs on lending.

Not only will the resulting financing shortage lead to a slowdown in new construction and cancellation of housing projects, but it will also lead to job losses, reports say.

After securing a relief package for small businesses earlier this week, the Modi government is  seeking  RBI help in reviving  the real estate market.

The current liquidity crunch among NBFC following the IL&FS crisis has hurt the real estate sector.

The Indian Express said not only will the resulting financing shortage lead to a slowdown in new construction and cancellation of housing projects, but it will also lead to job losses.

Simultaneously, there is also a demand-side problem as the recent interest rate hikes have made it more expensive for potential homebuyers to take out housing loans.

(ends)

Related Articles

Related

Finding the right Due Diligence Tools

Choosing the best research tools for your enterprise can help reduce the time and effort you spend on exploration. These tools help you to get a better thought of a industry’s connections, financial performance, and legal record. They also allow you to identify a...

read more

TotalAV Antivirus Review

Designed with convenience in mind, TotalAV is a great antivirus collection that offers thorough Learn More Here protection against viruses, malware, malware, plus more. It features an straightforward user interface and a wide range of features to help shield your...

read more

The right way to Conduct a Board Gatherings Overview

During a table meetings overview, directors of a company discuss their latest efficiency, new business options and possible plans for you can actually future. The board also evaluates current and past strategies. The results is a strategy for you can actually growth....

read more

0 Comments

Submit a Comment

Your email address will not be published.

Share This